President could take executive action to wipe at least $10,000 in federal student debt per borrower, it was reported on Friday.
It would make good on a promise Biden made on the 2020 campaign trail, as he looks to help get voters to the polls in November's midterm elections.
A recent analysis by the put the total cost of forgiving $10,000 for every one of the roughly 43 million student loan borrowers at about $373 billion.
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