Many PPP loans were forgiven without being considered taxable income, so there is precedent and there are many excellent arguments in favor of applying this for students who successfully paid income-based payments for literally decades.
Hopefully progress against this incredibly dysfunctional system will keep happening. Would be nice to give the non-wealthy Americans a better chance at home ownership, retirement savings, and other crucial financial progress. Rather than just saddling them with federal debt while taxes are slashed for the wealthy.