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President Biden has announced a new plan aimed at providing relief to millions of Americans burdened by student loan debt, a move that could impact more than 30 million borrowers across the country. The plan, unveiled during Biden's visit to Madison, Wisconsin, includes measures to address issues such as "runaway interest" and long-term repayment challenges faced by borrowers.
Under the proposed plan, individuals facing "runaway interest" on their student loans, where accrued interest has caused their loan balances to exceed the original amount borrowed, would see the. . .
