US President Joe Biden has announced a new round of federal student loan forgiveness to address the “unsustainable debt” that borrowers accumulate to complete their college education.This move aims to help 125,000 borrowers by clearing $9bn in debt through existing programmes. Since Biden took office in 2021, a total of 3.6 million borrowers will have had $127bn in debt wiped out.“We’re not done yet,” Biden said in the Roosevelt Room at the White House on Wednesday.
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