The Biden 2020 campaign promised a lot to win the election, and student loan relief was a very big part of the campaign. However, the government seems to be taking a step back. It's been almost a year and there has been no bill introduced in the house that has provisions for student loan forgiveness.
The student loan crisis has devastated much of the US's low and middle income families for decades. Billions of dollars would have to be spent or given up in lost revenue from the loan repayments. And as we know it already, one wing of the Congress is very hesitant on adding more spending to the already big multi-trillion dollar spending budget bills introduced since the the Biden government took over.
The government also seems to taking a step back on spending on education front. The Build Back Better bill passed recently, was supposed to have provisions for free community college. But, before the bill could pass, those provisions were removed in favor of increasing the chances of passing the bill in the Congress. Hence, it is highly improbably this government is going to take a significant step in the next year about the student loans forgiveness they had promoted heavily in their campaigns.
https://www.forbes.com/sites/robertfarrington/2021/12/17/dont-expect-student-loan-forgiveness-next-year-either/
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