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As the government hopes this initiative will resonate with young voters, experts warn of financial implications.
The Biden administration aims to begin canceling interest balances for borrowers early this fall, before the election.
The Biden administration has forgiven another $4.8 billion in student loan debt, with critics saying it’s unfair for taxpayers to pay for other people’s loans.
Higher education costs more than ever, but provides less financial opportunity for students who choose fields with an overabundance of graduates, experts say.
