Colleges are using Biden's stimulus to wipe out student debt. Biden isn't.

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Institutional student debt, or debt owned by colleges, come from overdue tuition bills and unpaid fees.
A growing number of schools are using Biden's stimulus to wipe out that debt broadly for students.
But the $1.7 trillion student debt crisis is largely owned by the government, which has yet to be canceled.
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The Education Department announced in March that colleges could use funds from President Joe Biden's American Rescue Plan to wipe o