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$39 Billion in Student Loan Debt Vanishes Overnight!

In a groundbreaking move, the U.S. Department of Education will automatically erase the federal student loan debts of over 804,000 borrowers. This historic decision follows years of complaints, lawsuits, and an NPR investigation that exposed mismanagement and flaws in the income-driven repayment plans. The $39 billion debt erasure provides much-needed relief and marks a significant step towards addressing the challenges faced by borrowers.