 Biden's "Secret Weapon" Against Student Debt: You Won't Believe It

President Biden forgives $5 billion in student debt for 74,000 borrowers.

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Recipients include public servants and those in income-driven repayment plans.

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Programs require at least 10 years of payments or service for forgiveness.

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Biden claims fixing "broken loan programs" enabled this relief.

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Public servants (43,900) and income-driven plan participants (29,700) benefit.

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The move follows pressure from groups seeking a broader $400 billion debt relief plan.

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The original plan was struck down by the Supreme Court; a new one is expected to be narrower.

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70 groups urge a wider scope for young, minority, and low-income borrowers.

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Biden's support among key voting blocs has weakened.

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The administration has already cancelled $136 billion in debt for 3 million borrowers.

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