So if Joe Biden does some debt cancellation before the 2022 midterms, it will most likely be small and targetted. Like "$10,000 relief and only if you make less than 23k a year."
However, I don't think they will. Biden is much more likely to cave to perceived Republican demands than the actual demands of his constituency. Biden is the guy who made it illegal to go bankrupt of student debt. Even though it would be a slam dunk to provide wide sweeping debt relief, they won't do it because it might make republicans upset (who won't vote for Democrats anyways).
So if Joe Biden does some debt cancellation before the 2022 midterms, it will most likely be small and targetted. Like "$10,000 relief and only if you make less than 23k a year."
However, I don't think they will. Biden is much more likely to cave to perceived Republican demands than the actual demands of his constituency. Biden is the guy who made it illegal to go bankrupt of student debt. Even though it would be a slam dunk to provide wide sweeping debt relief, they won't do it because it might make republicans upset (who won't vote for Democrats anyways).