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Alexandra Hegji; Sean M. Stiff – Congressional Research Service, 2024
Outstanding federal student loan debt exceeds $1.6 trillion and is owed by about 45 million borrowers. Since taking office, the Biden Administration has taken various actions to address student loan debt. These actions have ranged in scope (both in terms of borrower populations affected and associated modification costs), rationales, and the…
Descriptors: Student Loan Programs, Federal Programs, Debt (Financial), Student Costs