The big problem is that these students entered into a contract which legal and not entered under duress. No one, not even the prez can say to a party to either party you can quit paying.
Biden could take taxpayer’s money to pay off debt on behalf of the students. And that would be real vote getter move. Not!
I do see these student loans as predatory. Name one loan you can get without proving credit worthiness and ability to pay?
Under duress? Good question/perspective. Parents pushing kids to go to college when many have no business being in college. They would have been better off in a trade.
The loans cannot be written off or forgiven even in bankruptcy in most cases.
Colleges saw a gravy train of government money at the expense and ignorance of young adults.
Who should pay the debt back if bailed out? The colleges.
TAX PAYERS $$$$ already created the loans.