It's just a transfer of the responsibility to taxpayers and wiping the slate clean for people who actually agreed to borrow this money so they could attend schools. Then on Wednesday, just two days ago, The Biden administration announced an additional cancellation of $4.5 billion for 261,000 borrowers. The president's actions this week and the last week of his presidency brings this total taxpayer bailout to $183.6 million billion dollars. (00:58–01:09)
CLAIM
Asserts that $4.5 billion in student loans was canceled for 261,000 borrowers.
This is an excerpt from a raw transcript. The assertions have not been audited or verified. Tap the video to view the source footage and understand the context.
