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Well, howdy there internet people, let bow again so today we are going to talk

about the bind administration and student debt relief student debt forgiveness and

what appears to be looks like maybe Biden's attempt for a second bite at the

apple trying again. So if you remember Biden had a large student debt forgiveness thing.

It went to the Supreme Court, it got shot down. Now there's been a bunch of small stuff done over the course of the administration

that has added up. Thus far the Biden administration has forgiven more than

125 billion dollars in student debt relief for 3.5 million people.

Those are huge numbers. But it's not what he promised. There was a lot more on the table is what he was going

for. That was a goal and attempted to get, but didn't succeed. So what's the new plan? Three different classes that I have seen so far. There's

probably more based on what I've heard. The first is something that amounts to just resetting the interest.

So it could be $10, $20,000. The idea is to get people who have been paying on high interest loans, you know,

those people you hear the stories. They've been paying on it for five years and they owe more than

they borrowed. Basically to reset the interest so their original balance is what they're paying on.

That's one of them.

Another one is for old loans. Let's say you've been paying on it for 20 years. Well, it just goes away.

And then the big one, the one that I think is probably going to be most effective, although when pressed about it,

...