In a decisive move before leaving office, the Biden-Harris administration has announced the cancellation of $4.28 billion in student loans, benefiting around 55,000 borrowers, including public service workers. This final round of debt forgiveness marks a significant effort to provide relief to those carrying student debt, with the total amount of canceled loans reaching approximately $4.3 billion. The decision comes as the administration rolls out additional student loan handouts, continuing its commitment to support borrowers ahead of the transition of power.