Americans currently hold $1.7 trillion in student loan debt, according to the Education Data Initiative. Federal student loans account for $1.6 billion of that debt, with 42.8 million borrowers owing an average of $37,787 in federal student loans.
By Gabrielle Olya
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The Biden administration is currently battling injunctions against its debt relief program in the courts, so applications for the program are on pause. While the future of the program remains unknown, now is a good time to catch up on what exactly it entails, who qualifies and what the future of the program may be.
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