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flag US President Joe Biden canceled $1.2 billion in student loans.

flag US President Joe Biden announced he would cancel $1.2 billion in student loans for around 153,000 borrowers, marking the latest in a series of executive actions aimed at helping younger voters. flag Biden's administration has now forgiven nearly $138 billion in federal student loans taken out by 3.9 million Americans to pay for a university education. flag The White House credits these actions with helping the economy, as they allow individuals to buy homes, start families, and contribute more to the economy.

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