On Wednesday, President Biden announced that he would use his executive power to wipe out up to $10,000 in student loans for 43 million Americans, and up to $20,000 for those who received Pell Grants to attend college. A decade ago, if you had told me that Joe Biden, a man who during his long career as senator helped expand the student lending industry and worked to strip student borrowers of bankruptcy protections, would one day be president and eliminate hundreds of billions of dollars of student debt, I would have scoffed—even as I was throwing my lot in with the movement that would fight doggedly to make this happen.Make no mistake about it, this represents a landmark victory for student
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