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Departing President Joe Bidenās administration is nothing if not busy as desks are cleaned out and preparations for final departure made. On Friday it announced federal student loans for another 55,000 workers will be canceled through an existing program known as Public Service Loan Forgiveness.
Biden has now canceled an unprecedented $180 billion in federal student loans through existing programs during his term in office, covering 4.9 million Americans.
The total cost for Bidenās latest act of Christmas charity will come in at $4.28 billion, courtesy of U.S. taxpayers, the bulk of whom previously questioned just how fair such acts are when workers are left to fund the munificence.