The Biden administration announced on Friday, the approval of an additional $4.28 billion in student loan forgiveness for nearly 55,000 public service workers.
This move brings the total student debt canceled by this administration to an unprecedented $180 billion while hardworking taxpayers foot the bill.
“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,” said U.S. Secretary of Education Miguel Cardona in a statement.
“With the approval of another $4.28 billion in loan forgiveness for nearly 55,000 public servants, the Administration has secured nearly $180 billion in life-changing student debt relief for nearly five million borrowers.
“The U.S. Department of Education’s successful transformation of the PSLF Program is a testament to what’s possible when you have leaders, like President Biden and Vice President Harris, who are relentlessly and unapologetically focused on making government deliver for everyday working people,” he added.
This latest round of forgiveness comes on the heels of the administration’s failed attempt to implement a broader student debt cancellation plan, which was blocked by the Supreme Court earlier this year.
Undeterred, dictator Biden has continued to pursue piecemeal forgiveness strategies, effectively bypassing the legislative process and ignoring the court’s decision.
The national debt has soared to over 100% of GDP, the highest level since World War II, due in large part to unchecked government spending, according to the New York Post.
This is developing.
