Politically this was an interesting ride for Biden. He held it out as a carrot to buy votes in 2022 and the SCOTUS bails him out of actually paying the bill (with our tax dollars...). For sure it'll be part of the 2024 campaign that they need total filibuster proof Democrat control of Congress to get it pushed through.

The entire nationalizing of the student loan program was a long con (as part of the Affordable Care Act no less!). It originated with a message of, "We'll save costs by cutting out the middle men!". That was a complete charade as the goal from day one was to take control of the debt so that it could be selectively discharged.

Thankfully Trump's 2016 win has cemented a conservative SCOTUS for the near future and they put a stop to this nonsense. Regardless of the outcome of 2024, that's going to his most lasting impact on the country.