While I feel pain for those who took on tremendous amounts of student debt,
@JeffT818 is correct in his assessment (despite the fact that he voted for this move).
Now, no poor person in America should be starving or homeless with the amount of money that is spent for these programs (food stamps, welfare, etc.) and supported by 90 percent of US Citizens.
But, this student debt cancellation is beyond the pale. I paid for my college. I just paid for my daughter's college. While she was accepted to Illinois and Texas-Austin's engineering schools, she chose home-state Arizona State since the 'better' two schools cost 57,000 per year in contrast to ASU which cost at most 15,000 per year for everything since the state offers generous scholarships to strong in-state students (and also offers in-state tuition to many out-of-state kids).
I also very strongly advised her to study engineering or business since those two degrees will pay for themselves. She chose engineering and now has a full-ride with stipend at Scripps Research - La Jolla.
Taking on debt is a choice. It's a choice that we all make and while I-man gripes about driving a car with 150,000 miles I can say my 31 year old car just crossed 180,000 miles yesterday. Yes, I made choices too. I chose to fund my daughter's education and have driven a car without functioning A/C in Phoenix for 18 years. So, no, I don't want to pay $2100 per person in my household to fund someone else's bad debt. They made the bad choice and they have to live with it.
By Biden transferring this debt to every taxpayer who paid for their college or even worse taxpayers who never attended college it is bad for everyone but the few who benefit. Colleges are still encouraged to charge huge sums of money for worthless degrees knowing that Democrats will cancel the debt while the colleges make bank. This is bad all around.
Perhaps I-man is not the fool who took on 70k in debt. It is I who am the fool who didn't take on the debt and paid for something that is now 'free'.