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After cancellation, Dems look to reduce future student debt

FILE - Rep. Bobby Scott, D-Va., speaks during a House Committee on the Budget hearing on March 29, 2022, in Washington. Building on President Joe Biden’s student debt cancellation plan, House Democrats on Thursday, Sept. 15, proposed new legislation that would increase federal student aid, lower interest rates on loans and take other steps to make college more affordable. “Simply put, by making loans cheaper to take out and easier to pay off, the LOAN Act will help improve the lives of student loan borrowers — both now and in the future,” said Scott. (Rod Lamkey/Pool Photo via AP, File) FILE - President Joe Biden speaks about student loan debt forgiveness in the Roosevelt Room of the White House, Aug. 24, 2022, in Washington. Building Biden’s student debt cancellation plan, House Democrats on Thursday, Sept. 15, proposed new legislation that would increase federal student aid, lower interest rates on loans and take other steps to make college more affordable. (AP Photo/Evan Vucci, File)