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Biden's student loan forgiveness program will cost $24 billion a year over next decade -White House

WASHINGTON, Aug 26 (Reuters) - U.S. President Joe Biden's decision to forgive up to $20,000 in student loan debt will cost the government about $24 billion a year over the next 10 years, Bharat Ramamurti, director of the White House National Economic Council, said on Friday. (Reporting By Alexandra Alper and Jarrett Renshaw; editing by Jonathan Oatis)