"cut $12.7 billion in student loans for poor and middle class college students?"
I don't know this but I bet the cuts targeted students of pointless ultra-left liberal arts programs or PhDs in rodent psychology.
Well, you clearly don't know. The cuts were in limiting consolidation of loans, and large increases in loan rates (Stafford goes from 4.7% to 6.8% and PLUS goes from 6.1% to 8.5%)
Let's hope.