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I don't want to take away from people that are currently paying on their student loans, I think it's great if they get their loans canceled, but I kind of wish that people that had paid off their loans previously could get some sort of one-time tax credit. I went out of my way to pay my loans off early because I genuinely don't like having any sort of debt hanging over me, it would be nice to be rewarded for being responsible (although getting rid of debt is sort of its own reward).
However, this kind of gets into scope-creep because then where does it end? Would everybody ever that has ever had a student loan qualify for something like this, and I'm sure Biden is doing what is within his power to do on his own. Anything beyond that would require an act of Congress, and good luck getting Republicans to sign off on anything that helps regular people, or worse, people that [gasp!] went to college.
It's important to note that this isn't some new blanket forgiveness. These are people who have been paying on their loans for 10 years. People who should've already been eligible for loan forgiveness under existing policies and who have already paid more than they took out in many cases.