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By Maureen Mackey for FOXNews.com

In response to the Biden administration’s student loan handout plan announced last week, one person told Fox News Digital, “It’s a no-win situation for us parents.”

The president last week revealed a student loan handout plan that essentially will use taxpayer money to pay off up to $10,000 of student debt per borrower for those making less than $125,000 per year. 

The plan will also cancel up to $20,000 for Pell Grant recipients — while extending the pause on federal student loan payments through the end of this year.

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