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Biden administration warns of large increase in student loan defaults without debt forgiveness – CNBC

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2022-11-16T17:17:26Z

U.S. President Joe Biden delivers remarks about the student loan forgiveness program from an auditorium on the White House campus in Washington, U.S., October 17, 2022. REUTERS/Leah Millis/File Photo

Biden administration has warned of a ‘historically large increase’ in student loan defaults without debt forgiveness, CNBC reported on Wednesday.

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