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Nightly News

Biden’s decision to forgive some student loan debt sparks controversy

NBC News Clone summarizes the latest on: Biden S Decision To Forgive Some Student Loan Debt Sparks Controversy 147014213940 - Breaking News | NBC News Clone. This article is rewritten and presented in a simplified tone for a better reader experience.

01:55

A fierce debate over fairness is occurring after President Biden announced the government will erase $10,000 in federal student loans for those making less than $125,000. Republicans and moderate Democrats are very critical of the decision, while some progressives wanted him to go further. There are still questions over how Biden’s announcement will impact inflation, while a non partisan group says it will cost taxpayers $500 billion.

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