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Biden Administration Offers New Plan After Supreme Court Halts Student Debt Cancellation Education Department says alternative SAVE Plan set to begin this July
On June 30, a long-awaited and consequential Supreme Court decision denied forgiveness that would have erased $430 billion of federal student loan balances for 20 million borrowers and lowered the median amount owed by another 23 million borrowers from $29,400 to $13,600.
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