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trillionfederal studentloan portfoliofrom the U.S. Beyond the headlines, the proposal represents a deliberate dismantling of the federal student aid infrastructure that has long supported students needing help to pay for college. Its no secret that studentloan servicing needs reform.
The Biden-Harris administration anticipated that the debt forgiveness would impact 95% of studentloan borrowers, or about 43 million people. Being unaccredited meant students could not access TitleIV federal student aid, and the college did not receive any ARP funds.
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