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flag President Biden announced a $5.8 billion student debt loan forgiveness.

flag President Biden announced a new round of student debt loan forgiveness for $5.8 billion, benefitting 78,000 public-sector workers. flag These workers will receive a congratulatory email next week, while 380,000 additional borrowers in the sector may also be eligible for relief in the future. flag The Department of Education will recalculate eligible borrowers' loan repayments, including those in forbearance.

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