<p><span style="font-weight: 400;">The <a href="https://www.dailywire.com/topic/biden-administration" target="_blank" rel="noopener">Biden administration</a> said Friday that it would cancel another $4.28 billion in <a href="https://www.dailywire.com/topic/student-loans" target="_blank" rel="noopener">student loan</a> debt for nearly 55,000 people, bringing the total amount of student debt forgiven by the administration to around $180 billion. </span></p>
<p><span style="box-sizing: border-box; margin: 0px; padding: 0px;">The Department of Education <a href="https://www.ed.gov/about/news/press-release/biden-harris-administration-approves-additional-428-billion-student-debt-relief-nearly-55000-public-service-workers-0" target="_blank" rel="noopener">announced</a> that it was canceling the debt of 54,900 borrowers through the Public Service Loan Forgiveness (PSLF) Program. Although the Supreme Court <a href="https://www.dailywire.com/news/supreme-court-delivers-defeat-to-biden-admin-on-student-loan-forgiveness" target="_blank" rel="noopener">struck down</a> President Joe Biden&#8217;s broad student loan cancellation program last year, Biden has continued to cancel chunks of student loan debt through other programs. </span></p>
<p><span style="font-weight: 400;">“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 Secretary of Education Miguel Cardona. </span></p>
<p>The loan cancellation is the latest last minute leftist policy move from Biden as he approaches the final days of his administration. Biden is also <a href="https://www.dailywire.com/news/exclusive-biden-races-to-sell-off-border-wall-parts-before-trump-takes-office" target="_blank" rel="noopener">racing</a> to sell off border wall materials and move them away from the southern border and <a href="https://www.dailywire.com/news/feds-look-to-hire-up-to-1200-new-dei-bureaucrats-before-trump-takes-office" target="_blank" rel="noopener">looking</a> to hire up to 1,200 employees to work in diversity, equity, and inclusion positions.</p>
<p><span style="font-weight: 400;">The PSLF Program allows borrowers working in education, public health, law enforcement, and emergency response to have their debt canceled after making 120 monthly payments. </span></p>
<p>&#8220;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,&#8221; Cardona added.</p>
<p><span style="font-weight: 400;">Republicans have challenged Biden’s student loan cancellation initiatives, saying they are an unconstitutional redistribution of wealth and a burden on the American taxpayer. </span></p>
<p><a href="https://get.dailywire.com/gift-guide/" target="_blank" rel="noopener"><b>CHECK OUT THE DAILY WIRE HOLIDAY GIFT GUIDE</b></a></p>
<p><span style="font-weight: 400;">Earlier this month, 23 Republican attorneys general sent a <a href="https://ago.mo.gov/wp-content/uploads/2024-12-2-Student-Loan-NPRM-Interested-States-Comment-Letter.pdf" target="_blank" rel="noopener">letter</a> to Cardona warning the administration about another proposed</span><a href="https://www.federalregister.gov/documents/2024/04/17/2024-07726/student-debt-relief-for-the-william-d-ford-federal-direct-loan-program-direct-loans-the-federal"><span style="font-weight: 400;"> rule</span></a><span style="font-weight: 400;"> that would expand the Secretary of Education’s authority to “waive” debts to the department. </span></p>
<p><span style="font-weight: 400;">“Everyone from the Supreme Court, to President Joe Biden, to former Speaker of the House Nancy Pelosi has publicly acknowledged that you do not have the authority to forgive debt except in the limited ways Congress clearly outlined. You must adhere to these warnings and follow the law,” the attorney generals wrote on December 3. </span></p>
<p><span style="font-weight: 400;">In June 2023, the Supreme Court struck down Biden’s attempt to use the COVID-era HEROES Act to unilaterally forgive federally subsidized loans. </span></p>
<p><span style="font-weight: 400;">“The Secretary asserts that the HEROES Act grants him the authority to cancel $430 billion of student loan principal. It does not,” the court majority wrote in a 6-3 opinion. “We hold today that the Act allows the Secretary to ‘waive or modify’ existing statutory or regulatory provisions applicable to financial assistance programs under the Education Act, not to rewrite that statute from the ground up.”</span></p>

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Biden Announces Cancellation Of Another $4 Billion In Student Loans