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

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.

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.

"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.

Fox News Digital's Audrie Spady contributed to this report.