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Joe Biden unveils new plans to ease US student loan debt

 Published: 11:41, 9 April 2024

Joe Biden unveils new plans to ease US student loan debt

Joe Biden has announced plans to ease student loan debt for millions of Americans, as the United States president tries to make good on a promise to younger voters ahead of the general elections in November.

The proposal, which Biden unveiled on Monday during a trip to the state of Wisconsin, includes cancelling up to $20,000 of accrued and capitalised interest for borrowers, regardless of income.

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