Yes, crisis

[Maven]

Student debt is currently at $1.5 trillion and rising. Nearly 1 in 4 borrowers are in default. That rate is expected to rise to 40% by 2023. Borrowers who are struggling can't pay rent, can't buy homes or cars and are more likely to have their utility bills and medical bills fall into collections. It's a crisis.

And the answer to your question is yes, if it means that the "lost generation" of student loan borrowers who are saddled with debt (which cannot be discharged even if borrowers are ruined financially) can start to participate in the economy in a meaningful way.

This is a weak spot for Biden and he should have come out with a stronger plan.