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Using the authority Congress granted to the Department of Education, we will forgive $10,000 in outstanding student federal loans. In addition, students who come from low-income families, which allowed them to qualify to receive a Pell Grant, will have debt reduced $20,000,” Biden said in August. million contract.
This movement gained momentum in 2017 when Betsy DeVos , a staunch advocate for school privatization, was appointed as Secretary of Education. Meanwhile, the University of Pennsylvania also experienced significant financial strain due to cuts in federal contracts, which impacted their research funding and innovation.
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