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Federal student loans for nearly 153,000 borrowers are being automatically canceled, Biden says

CULVER CITY, Calif. (AP) — President Joe Biden announced Wednesday that his administration was automatically canceling federal student loans for nearly 153,000 borrowers, putting the spotlight on his debt cancellation efforts as he ramps up his reelection campaign.

Biden, who is in the midst of a three-day campaign swing through California, made the announcement as part of a new repayment plan that…

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