President Biden has announced that his administration is forgiving $5 billion in student debt for another 74,000 borrowers in the latest round of debt cancelation. The relief will go to borrowers enrolled in income-driven plans who have been paying for at least 20 years, and people who have worked in public service for a decade or more. This round of forgiveness brings the total number of people who have had their debt erased under the Biden administration to 3.7 million, the said in a Friday.
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