Monthly Archives: April 2022

Biden confirms he won’t forgive $50,000 in student loans – 5 key takeaways

President Joe Biden (Photo by Drew Angerer/Getty Images) Getty Images President Joe Biden has confirmed that he won’t cancel $50,000 in student loans. Here’s what you need to know — and what it means for your student loans. Student loans In a major announcement Thursday, Biden said he was do …

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Start college off right: The best student loans to fund your education, Money News

During this time of year, students receive their college admissions and decide which college they will attend in the upcoming academic year. It’s an exciting time given the high expectations that come with pursuing an education, and these degrees can dramatically increase the earning potential of future graduates. However, the …

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Fiona Personal Loans Review | Find the best loan for you

Fiona is a service you can use to search for personal loan providers, as well as savings accounts, student loan refinances and more. Even Financial, based in New York, created Fiona, which is not a direct lender. Instead, it uses lender relationships to connect consumers with financing options. Loan requirements …

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What Bernie Sanders running for president could mean for your student loans

Senator Bernie Sanders (Photo by Bauzen/GC Images) CG pictures If Bernie Sanders runs for president in 2024, here’s what it could mean for your student loans. Here’s what you need to know. Student loans If President Joe Biden doesn’t run for office in 2024, there’s fresh speculation that Sanders (I-VT) …

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Impact of COVID-19 on Online Payday Loans Market Share, Size, Trends and Growth from 2022 to 2031 – themobility.club

A recent report on the world Online payday loans market published by Market Reports provides a global overview and assessment of opportunities at the moment. The study provides an in-depth examination of key market trends. To forecast the growth of Online Payday Loans with the utmost accuracy, analysts consider both …

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What is a payday loan? 7 expert reasons to avoid them

We earn a commission for products purchased through certain links in this article. With the cost of living rising, you may be wondering what payday loans are and if they could be a solution to ease the strain on your household finances. With the price of everything rising these days, …

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How to Stop Relying on Payday Loans

How payday loans work Let’s say you need money fast and you’re considering taking out a personal loan. Your electricity was cut off for non-payment, or your car blew a joint. Your savings account is empty and you think your credit score is too low to qualify for a bank …

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Santander Personal Loans Review 2022 – Forbes Advisor UK

Our opinion When it comes to borrowing a lump sum, perhaps to finance a one-off purchase or to consolidate debt, Santander is one of the leaders for personal loans – especially if you’re looking to borrow between £7,500 and £15,000 when interest rates are at their highest. Compare loans from …

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Student loans: Here’s what borrowers will cut from their budgets when payments resume

fizkes/Getty Images/iStockphoto On September 1, the federal student loan pause is set to end, and 43 million Americans who have been affected by the pause will begin repaying. While several payment schedule extensions have given borrowers breathing space during the pandemic, they are feeling the pressure of having gone 18 …

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Three things the country needs to do about student loans

NEW YORK, NY – NOVEMBER 13: Students hold signs as they stage a demonstration at Hunter … [+] College, part of New York University, to protest rising student loan debt for higher education and rally for tuition-free public colleges in New York City on November 13, 2015. ( Photo by …

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3-year fixed rate personal loans continue their downward trend

Our goal at Credible Operations, Inc., NMLS Number 1681276, hereafter referred to as “Credible”, is to give you the tools and confidence you need to improve your finances. Although we promote the products of our partner lenders who pay us for our services, all opinions are our own. The latest …

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What should Republicans do if Biden forgives student loans?

Former U.S. Vice President Joe Biden, 2020 Democratic presidential candidate, speaks during the Women’s … [+] Leadership Forum conference on October 17, 2019 in Washington DC. (Photo by Eric BARADAT/AFP) (Photo by ERIC BARADAT/AFP via Getty Images) AFP via Getty Images President Biden has privately signaled to Democratic lawmakers that …

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Some pay more than double on payday loans

Each year, more than 12 million borrowers take out payday loans in more than 20 states where payday loans are permitted and interest rates are not capped. The interest rate on these loans can reach almost 400%. No-Fee Extended Repayment Plans are an option for repaying these loans in more …

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Proposed minimum eligibility requirements for student loans could reduce participation in higher education for ethnic minorities and poorer students

A new IFS study finds that a general Minimum Eligibility Requirement (MER) for accessing student loans would be a very flawed way to improve student outcomes. This would increase the already wide socio-economic gaps in higher education and disproportionately affect ethnic minority students. The government recently announced a consultation on …

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Biden signals he’s ready to cancel student loans

Placeholder while loading article actions President Biden gave strong indications during a private meeting with House Democrats this week that his administration is poised to take significant steps to provide student loan relief in the coming months, a move that would likely include writing off potentially tens of thousands of …

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Best Small Personal Loans of 2022 – Forbes Advisor

Lenders set a number of different standards or rules when deciding whether to offer loans to the public. One of these standards is a minimum loan amount. Some lenders decide not to offer small personal loans and instead start at $5,000 or more. So if you’re looking to borrow a …

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The average credit score for personal loans

The average FICO credit score in the United States is currently 716. This average has been trending upward since the onset of the COVID 19 pandemic and has continued to rise as the economy recovers from the pandemic. With many Americans making fewer purchases at the start of the pandemic, …

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Overton Co. clerk forged car titles for personal loans

A woman working in Overton County used her job as a clerk to alter vehicle titles – creating fake new ones for herself – and secure personal bank loans with her forged documents. The discovery of what she had done was a collaborative investigation conducted by the Tennessee Comptroller’s Office …

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Payday Loans Market Size, Share, Demand and Forecast Report

Allied Market Research recently published a report titled, “Payday Loans Market by Type (In-Store Payday Loans and Online Payday Loans), Marital Status (Married, Single, and Others), and Customer Age (Under 21, 21 -30, 31-40, 41-50 and over 50: Global Opportunities Analysis and Industry Forecast 2021-2030”. Download sample report (PDF report …

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3-year fixed-rate personal loans fall slightly

Our goal at Credible Operations, Inc., NMLS Number 1681276, hereafter referred to as “Credible”, is to give you the tools and confidence you need to improve your finances. Although we promote the products of our partner lenders who pay us for our services, all opinions are our own. The latest …

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Should Biden Forgive Student Loans and Cut Tuition?

Placeholder while loading article actions This coming Sunday, May 1, is National College Decision Day — the deadline for high school students to commit to the college of their choice. More than 2 million students are expected to enroll in higher education for the first time this fall. That’s 2 …

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Which student loans should you repay first? – Forbes Advisor

Editorial Note: We earn a commission on partner links on Forbes Advisor. Commissions do not affect the opinions or ratings of our editors. According to the latest data from the College Board, 55% of bachelor’s degree graduates from a four-year institution graduated with student debt of $28,400. In reality, however, …

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Debt after divorce – how your ex’s student loans can follow you out of your marriage – Saratogian

By: Leslie Silva, Esq. Like most couples, many do not plan to divorce. When you tie the knot, you may think that all your benefits and burdens will be shared with your partner until death do you part. But sometimes life takes you in different directions. Dividing your stuff and …

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The ‘incredible, horrible and crushing weight’ of student loans

The policy options available to him are fraught with issues of equity, economic injustice and sustainability. Long-term structural change would require a complete overhaul of our current system, not just temporary relief for those struggling with loans. And while political analysts generally agree on the need for reform, determining the …

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How does inflation affect US student loans?

If that’s not an option, one avenue to consider is to contact your student loan officer to switch your federal loan repayment plan to income-based or income-contingent plans, which means the less you earn, the lower your monthly student loan payments. . “These options can help make things more manageable,” …

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Student loans, a curse or a blessing in disguise

Students of color explain why they took out student loans and how it affects them now and in the future Anxiety is one of the many names that come to mind for those who have taken out student loans to pay for their education. According to the Education Data Initiative, …

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Families affected by dangerous payday loans – FOX13 News Memphis

MEMPHIS, Tenn. – FOX13 Investigates focuses on what some have said is the dangerous and trapping nature of payday loans. They are used by people who need money quickly, but many find themselves unable to pay them back. They can lead to a cycle of indebtedness that, according to one …

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When should you cancel student loans?

On Wednesdays, my friend Bob meets me at the treadmills in the gym around 8 a.m. Once the treads spin happily, we take a look at TV headlines such as “New York Democrats Call 100% Income Tax ‘A Good Start'” and “Some Republicans support the issuance of concealed carry permits …

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Williams College removes student loans and work-study from its financial aid

Placeholder while loading article actions Williams College, a small private institution northwest liberal arts school Massachusetts, plans to eliminate loans and work-study programs from its financial aid programs and replace those funds with grants — an example of a college responding to growing public pressure to make higher education more …

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Private Student Loan Market to See Huge Growth by 2028: Citizens, Purefy, EDvestinU

This press release was originally distributed by SBWire New Jersey, NJ – (SBWIRE) – 04/20/2022 – The latest research study published by HTF MI “Private Student Loans Market” with over 100 pages of analysis on business strategy taken up by key and emerging players in industry and provides know-how of …

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Inflation and student loans weigh on voters in Wisconsin, Nevada and North Carolina

Inflation and student loans weigh on voters in Wisconsin, Nevada and North Carolina News Sports Entertainment Life Money Tech Travel Opinion USA TODAY has gained exclusive access to focus groups in North Carolina, Nevada and Wisconsin. Inflation topped the concerns of voters who participated. Voters in three battleground states said …

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Families affected by dangerous payday loans

FOX13 Investigates focuses on what some have said is the dangerous and tricky nature of payday loans. They are used by people who need money quickly, but many find themselves unable to pay them back. They can lead to a cycle of indebtedness that, according to one report, primarily affects …

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Kentucky enacts license requirement for private and federal student loan servicers | Ballard Spahr LLP

Kentucky recently enacted HB 494, titled the “Student Education Loan Servicing, Licensing, and Protection Act of 2022,” which will require student loan servicers to be licensed in Kentucky. The Act applies to administrators of private student loans and federal student loans. Private student loan servicers must submit a license application …

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How to qualify for low interest personal loans

Our goal at Credible Operations, Inc., NMLS Number 1681276, hereafter referred to as “Credible”, is to give you the tools and confidence you need to improve your finances. Although we promote the products of our partner lenders who pay us for our services, all opinions are our own. The higher …

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USAA Personal Loans Review | the ascent

Main advantages No application fees or prepayment: USAA does not charge personal loan application fees or prepayment fees. Some banks charge loan origination fees which generally vary between 1% and 8%. The absence of prepayment charges means that borrowers can repay their loan faster at any time without being penalized. …

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Should You Refinance Your Student Loans Before Interest Rates Rise?

Although federal student loan payments are still suspended and interest rates are set at 0% until at least August 31, 2022, it is reasonable to believe that monthly payments and interest accumulation will likely resume at course of the next year. Fortunately, federal student loans come with competitive fixed interest …

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Get Instant Same Day Payday Loans Online in California –

California is a great place to live thanks to its warm climate and endless beaches. Each city in the state has its particular vibes. At the same time, some people find the cost of living quite expensive here. No wonder so many people struggle to cover bills like mortgage, rent, …

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Get Instant Same Day Payday Loans Online in California

California is a great place to live thanks to its warm climate and endless beaches. Each city in the state has its particular vibes. At the same time, some people find the cost of living quite expensive here. No wonder so many people struggle to cover bills like mortgage, rent, …

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Digital loan: what to remember when taking out personal loans online

In recent years, digital lending has become one of the most important fintech concepts. It refers to the use of digital media to request, pay and manage loans. Lenders are increasingly using digital data to help them make lending choices and strategically retain consumers. The fintech industry will also provide …

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CFPB publishes blog post on the release of private student loans in bankruptcy | Troutman pepper

On April 12, the Consumer Financial Protection Bureau (CFPB) published a blog post titled “Busting Myths About Bankruptcy and Private Student Loans.” In the blog post, the CFPB argues that some private education loans can be canceled in the event of bankruptcy. Specifically, the CFPB argues that the following private …

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Democrats face pressure from left, focus on student loans

The question of what to do with student loan debt estimated at $1.6 trillion is a growing headache for Democrats at a time when families grapple with higher costs, but centrist Democrats led by Sen. Joe Manchin (W.Va.) doesn’t want to fuel inflation further. President Biden is stuck in the …

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Child tax credit payments helped parents avoid selling plasma and take out payday loans

Monthly cash payments from the federal government last year may have helped some parents avoid taking out payday loans or selling their blood plasma to pay their bills. According to a new report released with the Brookings Institution’s Global Economy and Development Program by researchers from the Social Policy Institute …

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Improve your credit score before applying

Select’s editorial team works independently to review financial products and write articles that we think our readers will find useful. We earn commission from affiliate partners on many offers, but not all offers on Select are from affiliate partners. Personal loans can be used for a variety of expenses, including …

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10 companies that help you repay your student loans

Our goal at Credible Operations, Inc., NMLS Number 1681276, hereafter referred to as “Credible”, is to give you the tools and confidence you need to improve your finances. Although we promote the products of our partner lenders who pay us for our services, all opinions are our own. If you’re …

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FUN Bank Partners with PHEAA for Student Loans :: exploreClarion.com

CLARION CO., Pennsylvania (EYT) – FUN Bank has partnered with the Pennsylvania Higher Education Assistance Agency (PHEAA) to help customers finance their higher education through the borrower-friendly PA Forward Student Loan Program. The PA Forward Student Loan Program is a suite of trusted loans for undergraduate and graduate students and …

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Best Online Payday Loans No Credit Check

Looking for a loan for bad credit? Lending is a risky business. A lender must ensure that the borrower will be able to repay the loan on time. The easiest way to do this is to analyze the borrower’s credit rating and credit history. This gives them an idea of …

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SOFI stock will continue to suffer, and not just from student loans

Source: rafapress/Shutterstock.com If you haven’t heard yet, Sofi Technologies (NASDAQ:SOFI) had to reduce its orientations. The decision by President Joe Biden’s administration to extend the moratorium on the repayment of federal student loans on April 6 prompted the financial firm to make its decision. Naturally, SOFI stock fell after the …

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How to Get Approved for High Risk Personal Loans with Direct Lenders

Naomi Bishop Last updated on: April 11, 2022 A high risk loan is a loan that poses more risk to a lender who chooses to extend credit to someone with a low credit score, also known as a “high-risk borrower”. These borrowers typically don’t have a strong debt repayment history, …

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Pros and cons of paying for home improvements with personal loans instead of a mortgage

Image source: Getty Images Don’t take out a personal loan to improve your home until you read this. Key points Many people borrow to cover the costs of home renovations. A personal loan is one option for paying for upgrades, and they tend to be quicker and easier to obtain …

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Here’s how to prepare for August

Select’s editorial team works independently to review financial products and write articles that we think our readers will find useful. We earn commission from affiliate partners on many offers, but not all offers on Select are from affiliate partners. Student loan borrowers have a bit more time to defer repayment …

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Delaware (DE) payday loans and private payday loans online

Delaware (DE) payday loans and private payday loans online Delaware (DE) payday loans and personal loans online 4 days before Household > payday advances > payday loan in Delaware > payday advances in Wilmington, De-. Payday advances in Wilmington, De. Get a payday loan Register …

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Citizens Bank Student Loans Review 2022 – Forbes Advisor

Typically, student loan refinance lenders only work with applicants who have earned a bachelor’s degree or higher. However, Citizens Bank is an exception to the rule. You can qualify for a loan if you have an associate degree, or even if you left school before graduating. With an associate’s degree …

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Benefits of Paying Student Loans Every Two Weeks

When it comes to paying off a student loan, most borrowers opt for the simpler option: regular monthly installments, often withdrawn automatically from a bank account. However, you are not limited to the standard payment schedule. If you choose to pay off your student loans every two weeks instead of …

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How paying off your student loans could boost your retirement benefits

The House recently passed HR 2954 Securing a Strong Retirement Act, called the Secure 2.0 Act, which has overwhelming bipartisan support, with a vote of 414 in favor and only 5 against. The law includes a big benefit for people who are working to pay off their student debt but …

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Why Your Children’s Delinquent Student Loans Can Affect Your Career

If you have a high student loan balance, you may have breathed a sigh of relief when you heard the White House extend the student loan deferral until August. But as we’ve seen with some security clearance applicants before, if you didn’t pay your loans before COVID, today’s deferrals can’t …

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Biden extends federal student loan payment pause through September

President Joe Biden on Wednesday announced a further extension of the suspension of payments on federal student loans, this time until September. This is the sixth extension of the hiatus, which lasted more than 24 months and two presidencies. Borrowers saved nearly $200 billion during that time, the Federal Reserve …

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5 things to know for April 6: Ukraine, Storms, Abortion, Student loans, Recession

Here’s what you need to know to Level up and get on with your day. (You can receive “5 Things You Need to Know Today” daily in your inbox. Sign up here.) 1.Ukraine In an emotional speech to the UN Security Council yesterday, Ukrainian President Volodymyr Zelensky accused Russian troops …

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Lakewood University president has $1 million in personal student loans canceled

Tanya Haggins’ mission is to help other students graduate debt-free with her free webinar. CLEVELAND HEIGHTS, OHIO, USA, April 5, 2022 /EINPresswire.com/ — Lakewood University President Tanya Haggins did the unthinkable by forgiving $1 million in student loans – and is using her knowledge -doing to help 99% of its …

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Student loans are a burden on black educators. Cancel them.

In April 5the White House announced it was extending the pandemic-era pause on federal student loan payments through August 31. (It was supposed to expire in May 2.) The development followed escalating calls for debt cancellation from teachers, students and advocates, including an April 4 protest organized by the Collectif …

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Can borrowers refinance personal loans?

LOS ANGELES, April 05, 2022 (GLOBE NEWSWIRE) — People use personal loans to cover various expenses, such as building an emergency fund, major purchases or repairs. If a borrower currently has a personal loan, they may be wondering if they can refinance a loan with a lower interest rate or …

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Student Loans: How Late Payments Affect Your Credit Score?

Kameleon007 / iStock.com In response to the COVID-19 pandemic, most federal student loans have been suspended since March 2020. Interest on student loans has been set at zero and collections have been halted on delinquent loans through May 1. of this year. Defenders are calling for new loan breaks and …

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Democrats push to ease ‘unnecessarily high bar’ for debt relief in bankruptcy

As prominent Democrats call on the president to extend the payment pause and forgive student loan debt, a group of lawmakers has sent a separate request to two agencies for an update on how the federal government is responding. strives to make debt relief more accessible to student debtors in …

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Which is the best to borrow?

Tero Vesalainen/Getty Images/iStockphoto If you’re thinking of borrowing money for college, you’ll have plenty of company. Nearly 45 million Americans hold $1.71 trillion in student loans. Before taking on what could be decades of debt, it’s important to understand the many key differences between your two main choices: federal student …

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What is capitalized interest on student loans?

Our goal at Credible Operations, Inc., NMLS Number 1681276, hereafter referred to as “Credible”, is to give you the tools and confidence you need to improve your finances. Although we promote the products of our partner lenders who pay us for our services, all opinions are our own. Capitalized interest …

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