The student loan cancellation is being implemented under the Closed School Discharge program, which eliminates the federal student loan balances for borrowers who could not finish their degree due to their school's closure. $5.8 billion in automatic ...
source https://www.forbes.com/sites/adamminsky/2021/11/24/biden-official-were-just-getting-started-on-student-loan-forgiveness-what-does-that-mean/
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