![Biden's student loan forgiveness plan may cause a drop in credit scores for some borrowers Biden's student loan forgiveness plan may cause a drop in credit scores for some borrowers](https://news.richfxm.com/wp-content/themes/covertsocialpress/images/default.jpg)
Because of the way credit scores are calculated, forgiven federal student debt may lead to a drop in some borrowers’ scores. Here’s what you need to know.
Because of the way credit scores are calculated, forgiven federal student debt may lead to a drop in some borrowers’ scores. Here’s what you need to know.
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