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Retired grandmother still owes $108,000 in student debt 40 years after taking out loan

  • A retired grandmother with a psychology degree owes six figures due to student loan interest, impacting her financially.
  • President Biden implemented the SAVE plan to cut monthly payments and help with student loan forgiveness. Over 7 million people have enrolled.
  • Financial columnist Terry Savage notes that loan forgiveness options are limited, leading to difficulties for borrowers.
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WGN 9 broke the news in Chicago, United States on Tuesday, March 26, 2024.
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