How much will taxpayers foot for Biden's student loan handouts? A half-trillion, UPenn's Wharton School says

The White House announced another student loan handout on Friday, bringing the total number of borrowers who have received President Biden’s debt relief so far to 4.3 million. According to the White House, the total student loan cancellation sum is a whopping $153 billion.

"Today, my Administration is canceling student debt for 277,000 more people, bringing the total number of Americans who have been approved for debt relief so far under my Administration to 4.3 million borrowers through various actions," Biden said Friday via the White House.

As for who is footing the bill, Biden has proposed "no new revenue to cover the cost, which means it goes straight on top of the pile of what America owes to its creditors."