United States President Joe Biden has announced his administration is cancelling a total of $7.7bn in student debt for another 160,000 borrowers.The latest action on Wednesday brings the total number of people to benefit from the president’s debt relief push to 4.75 million, according to the US Department of Education.Biden, keen to shore up waning support among young people ahead of the November presidential election, had pledged last year to find other avenues for tackling debt relief after the Supreme Court in June blocked his broader plan to cancel $430bn in student loan debt.
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