LogFAQs > #973881039

This is what his own party said a year before he passed student relief through executive action:
https://www.forbes.com/sites/adamminsky/2021/07/28/pelosi-president-biden-does-not-have-power-to-cancel-student-loan-debt/

People think that the President of the United States has the power for debt forgiveness, she said. He does not. He can postpone, he can delay, but he does not have that power. Pelosi argued that student loan forgiveness can only be accomplished through an act of Congress.

It was never going to happen, because he never had the power to do it in the first place. It was a shallow promise made to get elected, then delayed until midterms so he could push something through that was never going to stand, and now left in a state of being challenged so he can promise it again in the next election. It was always a grift.