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5 Anticipated Student Loan Changes on the Horizon The Biden administration has now officially scrapped plans to provide loan forgiveness to borrowers who have experienced runaway interest, those who first entered repayment more than 20 or 25. Department of Education said it temporarily stopped taking. The Biden administration has now officially scrapped plans to provide loan forgiveness to borrowers who have experienced runaway interest, those who first entered repayment more than 20 or 25.
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