Investopedia Editor in Chief Caleb Silver on student loan cancellation

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US President Joe Biden announces student loan relief on August 24, 2022, in the Roosevelt Room of the White House in Washington, DC. - Biden announced that most US university graduates still trying to pay off student loans will get $10,000 of relief to address a decades-old headache of massive educational debt across the country. (Photo by OLIVIER DOULIERY / AFP) (Photo by OLIVIER DOULIERY/AFP via Getty Images)Photo: Getty Images


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