” tuition will most likely just go up 10K more a year”
It is the availability of loans and permanent forgiveness programs, not random one-off forgiveness jubilees, that sets the tuition market.
College students generally are financially illiterate and assume they are going to be rich. They just sign the forms the finaid office tells them.
A very large percentage of the loans being forgiven were not going to be paid back anyway.
They were going to be defaulted or forgiven under one of many prior programs.
By capping income at 125k, Biden made sure the relief was targeted toward people already getting public interest job loan forgiveness, not paying much back due to low income, or in default.
