I hope not; I’ve been hearing that for years now, and it hasn’t happened. If Obama wasn’t going to forgive the debts to get re-elected (in what was a close race), I don’t see why (or how) he would now.
Right now there are a few programs to forgive at least a portion of student loan debt. Teachers, nurses, med techs, law enforcement officers, military and early intervention workers can get their Perkins loans reduced or eliminated. It’s the foot in the door.