(Reuters) – The Biden administration will forgive $7.4 billion in student debt, the White House said in a statement on Friday.
Earlier this month President Joe Biden announced plans to ease student debt that would benefit at least 23 million Americans, addressing a key issue for young voters whose support he needs as he seeks re-election in November.
(Reporting by Gursimran Kaur in Bengaluru; Editing by Peter Graff)
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