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President Biden said Tuesday that he was looking at options to forgive most student debt, CBS News reported, citing comments he made to the Congressional Hispanic Caucus. The lawmakers encouraged a large cut in student debt.
In the past, the president has said he favors eliminating $10,000 in student debt for all debtors.
Press Secretary Jen Psaki said the administration would make a decision about canceling some student loan debt between now and the end of August, or the pause would be extended further.
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