Fox News: Biden-Harris admin rolls out another $4.28 billion in student loan handouts

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Biden-Harris admin rolls out another $4.28 billion in student loan handouts

As the Biden administration enters its final days, it has announced another $4.28 billion in student loan handouts for nearly 54,900 public workers.......                    ...                        ...You are not allowed to view links. Register or Login 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.......You are not allowed to view links. Register or Login......"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," Cardona said. "The U.S. You are not allowed to view links. Register or Login 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."......The Biden-Harris administration touted the program for creating an "incentive" for public servants to "pursue and remain" in their careers by forgiving borrowers' remaining balance after they made the 120 qualifying monthly payments.......You are not allowed to view links. Register or Login......"The relief announced today includes both borrowers who have benefitted from the Administration's limited PSLF waiver, a temporary opportunity that ended in October 2022, as well as from regulatory improvements made to the program during this Administration," the release said.......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.......You are not allowed to view links. Register or Login......After the You are not allowed to view links. Register or Login 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.......You are not allowed to view links. Register or Login has not said specifically how he will approach the Biden administration's student loan handout plans, but he has said he plans to rework the entire education system during his term.......Fox News Digital's Audrie Spady contributed to this report....

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