US President Joe Biden needs the support of young voters as he seeks re-election in November. (AP PHOTO)
The Biden administration will cancel $US7.4 billion ($A11.4 billion) in student debt for 277,000 borrowers, the White House says.
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President Joe Biden announced plans to ease student debt earlier this month that would benefit at least 23 million Americans, addressing a key issue for young voters whose support he needs as he seeks re-election in November.
Biden, a Democrat, pledged in 2023 to find other avenues for tackling debt relief after the Supreme Court in June blocked his broader plan to cancel $US430 billion ($A661 billion) in student loan debt.
Australian Associated Press
