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families. it helps both current and future bowers and will fax a badly broken system. and these actions build on my administration's efforts to make college more affordable in the first place. >> nbc's tom costello now with more on the plan and the mixed reaction to it. >> reporter: president biden fulfilling a campaign promise. cutting american student loan debt. >> it focuses the benefit on middle class and working families. >> reporter: but he's also stirred up a hornet's nest of backlash. >> i feel it is a little slap if the face to those who worked hard to pay it off. >> reporte...

In what way is it fair to those taxpayers? >> reporter: many also argument the president exceeded his authority by slashing federal student loans. it effected 43 million americans. forgiving loan debt of up to $10,000 each for those earning less than $125,000. 27 million americans who received need based pell grants will get an additional $10,000 in loan forgiveness. a big relief for chrissy who has roughly $40,000 in student debt. >> it doesn't feel achievable to pay down. the $10,000 debt relief for me, it is not just a financial lift, it is even like a mental lift. >> reporter: president bi...