Joe Biden expected to announce $10k student loan forgiveness program Wednesday

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Forgive thousands in federal student loan debt and extend a repayment pause to next year

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1 time maximum debt forgiveness of $10k for borrowers who make less than $125k will cost around $300 billion for taxpayers

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Administration has already canceled about $32 billion in debt

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Biden has put his support behind $10k in student loan forgiveness, Warren pledged to canceled $50k for most borrowers and Sanders

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