President will forgive $39 billion in student debt for 804,000 Americans - two weeks after the struck down his $430 billion relief plan.Borrowers who have been making payments for between 20 and 25 years will have their debts wiped due to fixes in the system that calculates repayment plans.'For far too long, borrowers fell through the cracks of a broken system that failed to keep accurate track of their progress towards forgiveness,' said Secretary of Education Miguel Cardona.
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