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For those who have already been impacted by delinquency and default theres an added bonus youre getting a fresh start Bidens pause includes millions of federal loan borrowers having their delinquent or default status erased allowing them to reenter repayment in good standing the Education Department explained in a. More than 7 million borrowers are in default on their federal student loans according to Politico which first reported the Education Department was considering the fresh start plan in October.
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