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Biden administration cancels $1B in student-loan debt

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The Biden administration is canceling $1 billion in student-loan debt held by scammers, according to MarketWatch.

The move impacts 72,000 borrowers who already have had their claims for debt relief approved under the borrower defense process.

Former students at Corinthian and other for-profit colleges are those impacted.

Read more from MarketWatch.

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