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Democratic lawmakers are continuing to push for President Joe Biden to cancel $50,000 in student debt per person, and new data from the Department of Education (DOE) may have just helped them make their case to the president.

A DOE analysis obtained by Yahoo Finance on Monday found that $50,000 in student loan forgiveness per person would erase the entire debt for 36 million — or 84% — of the roughly 43 million borrowers in the US with federal loans, while $10,000 in forgiveness would erase the entire debt for 15 million — or 35% details ⇒

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