Tag: Federal loans
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Federal loans owed by around 64,000 Texans will be erased
Following a review by the U.S. Department of Education, it was determined that over 64,000 borrowers from Texas were eligible for the advantage, and their federal student loans would be canceled. An amount of $3.1 billion in debt could be erased but $48,500 on average for each borrower. The decision has nothing to do with President Joe…