Education Department cancels student debt for over 320,000 borrowers

Education Department cancels student debt for over 320,000 borrowers

Education Secretary nominee Miguel Cardona testifies before the Senate Health, Education, Labor and Pensions committee during his confirmation hearing on Capitol Hill Washington, DC., February 3, 2021.
Susan Walsh | Pool | Reuters

The U.S. Department of Education announced Thursday it will cancel $5.8 billion in student debt for more than 320,000 borrowers.
The debt forgiveness, which will go to…

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