Biden announced student loan cancellation on Wednesday, following through on a campaign promise.
Some borrowers who make less than $125,000 will have up to $10,000 forgiven.
The loan must have come from the federal government and been used to pay for undergraduate study.
President Joe Biden announced Wednesday that the government will cancel up to $10,000 in student loan debt for some borrowers who make less than $125,000, and cut $20,000 off debts for Pell Grant recipients.
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