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By Mary Clare Amselem ~

President Joe Biden announced Wednesday that he will launch a massive effort to “forgive” student loan debt for borrowers who still owe.

This plan isn’t just a bailout for well-off college degree holders. It’s a slap in the face for hardworking Americans.

President Joe Biden’s plan to “forgive” student loan debt may cost taxpayers roughly $300 billion at a time when they’re facing record inflation. Pictured: Education Secretary Miguel Cardona flanks Biden at the White House on Wednesday as the president announces the bailout. (Photo: Olivier Douliery/AFP/Getty Images)

It’s a slap in the face to the working-class father who dreamed of sending his daughter to college. He took on an extra shift at work, skipped vacations, and put off needed home repairs, all so that he could save every penny so that his daughter wouldn’t need to go into debt to go to school.