The Biden administration announced another $4.28 billion in student loan handouts as President Biden and Vice President Harris prepare to leave the White House.
The massive loan handout will give 54,900 public workers loan forgiveness.
"Four years ago, the Biden-Harris Administration made a pledge to America’s teachers, service members, nurses, first responders, and other public servants that we would fix the broken Public Service Loan Forgiveness Program, and I’m proud to say that we delivered," Secretary of Education Miguel Cardona said in a release on Friday.
The action brings the total loan forgiveness approved by Biden to nearly $180 billion for nearly 5 million borrowers.
During his 2020 presidential campaign, Biden pledged to forgive student loans for millions of Americans if elected, but the president has faced continuous legal roadblocks in his attempt to eliminate hundreds of billions of dollars in debt.
After the Supreme Court blocked the Biden administration's first attempt at providing broad-based student loan forgiveness, ruling it was an overreach of the executive branch's authority under the Constitution, the president and his team began to work on other options to provide handouts.
