Most of the action to cancel school loans can be done by Biden via executive order. And he promised during his campaign to provide this relief to people with school loans. So far, he’s only delayed their payments.
That he’s violating his campaign promise by choice, and (in this instance) NOT because the GOP blocked him, makes me doubt his sincerity. The GOP offers nothing but hatred and pain and satisfaction for the greedy undeserving rich. The Democrats, by and large, are just and old-style party making promises to win votes—promises they have no intention of keeping.