Yep. The debt is just transferred. And remember part of the cost of ACA Obamacare was going to be offset by the government taking over student loans. So everything will be more costly to the taxpayer if this Biden travesty is allowed to stand.
BTW, here is an article by Professor Somin on the two rulings from yesterday on the issue.
“Two Federal Courts Rule Against Biden’s New Student Loan Forgiveness Plan on the Same Day”
From the (great) article you posted:
“...both of the judges who issued the rulings were Democratic Barack Obama appointees.”