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US President Joe Biden's administration announced on Wednesday it will cancel up to $10,000 in student debt for borrowers who earn $125,000 a year or less and up to $20,000 for recipients of Pell Grants that roughly follows his Education Department's demand for a student debt forgiveness programme.

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Biden cancels student loans up to $10k as 45 mn borrowers owe $1.7 tn in student debt