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Across the United States, 45 million borrowers now owe $1.6 trillion in debt for federal loans taken out for college — more than consumers owe on any other debt except mortgages. For the past two years, beginning as the pandemic spread, the U.S. government has allowed te ...
President Biden’s announcement this week that he would cancel chunks of student loan debt stands to have a major impact for many of the 45 million Americans who owe $1.6 trillion for having gone to college. Who will benefit from the plan, what will the cost be to the tax ...