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The podcast discusses the restart of student loan repayments in the US and President Biden's $9 billion student debt cancellation. They explore various proposals for relieving student loan debt and debate the consequences of large-scale cancellation. Additionally, they talk about the success and growth of Tangle as a business. Other topics include an ethics code for the Supreme Court, student loan statistics, and the behavior of baleen whales.
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- The Biden administration has provided $127 billion in student debt relief, impacting 3.6 million Americans, and is now exploring larger-scale cancellation options through the Higher Education Act.
- The left supports additional relief for borrowers, proposing targeted relief for those most affected by the pandemic and advocating for changes in the federal student loan system, such as reducing interest rates and creating a program for pandemic debt similar to public service loan forgiveness.
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Student Loan Repayments Restarted
Student loan repayments have restarted after a three-year pause. The Biden administration has announced an additional $9 billion in student debt cancellation, impacting approximately 120,000 borrowers. They have already provided $127 billion in student debt relief to about 3.6 million Americans. The administration is exploring other options for larger-scale cancellation through the Higher Education Act.
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