(AP Photo/Evan Vucci)
The Biden administration is moving forward with its second attempt to cancel the student loans of some borrowers after the U.S. Supreme Court rejected its initial plan.
"Student loan debt in this country has grown so large that it siphons off the benefits of college for many students," Education Undersecretary James Kvaal said. "Some loans made to young adults stretch into retirement, with no hope of being repaid. These debt burdens are shared by families and communities."
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