The administration has so far doled out $153 billion in student debt relief to 4.3 million people through various actions, and the new plan, if approved, would increase that aid to help more than 30 million borrowers.said in a statement the administration is fulfilling "our promises to fix a broken higher education system."
Under the new plan, up to $20,000 of a borrower's accrued interest could be cancelled, regardless of income.
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