Biden announced the cancellation of up to $20,000 in student loan debt for some federal borrowers at the end of August. 💰👏
Given the months of deliberation over a decision that traces back to a campaign promise, the administration views the cancellation as its landmark action on the student debt front, calling it a "one-time" move.
While Biden may never cancel a full $50,000 in student debt, there could be additional relief for some borrowers on the horizon through separate avenues.
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