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So far, President Joe Biden’s Department of Education has acted to address the $1.7 trillion student debt crisis in the country by, among other things, canceling debt for some borrowers defrauded by for-profit schools and for borrowers with disabilities.
On his first day in office, Biden’s first action addressing student debt was to extend the pause on federal student loan payments through September. Since then, Education Secretary Miguel Cardona has taken three distinct steps to confront student debt: he canceled debt for about 72,000 borrowers defrauded by for-profit schools, he canceled debt details ⇒
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