FACT SHEET: President Biden Cancels Student Debt for more than 150,000 Student Loan Borrowers Ahead of Schedule | The White House
Jaysyn@kbin.social to 
whitehouse.gov
Today, President Biden announced the approval of $1.2 billion in student debt cancellation for almost 153,000 borrowers currently enrolled in the Saving on a Valuable Education (SAVE) repayment plan. The Biden-Harris Administration has now approved nearly $138 billion in student debt cancellation for almost 3.9 million borrowers through more than two dozen executive actions. The…
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0% interest would have been better but the banks that process/hold the government guaranteed loans would no longer profit so they aren't going to let that happen.
Yeah, some other systems are government backed loans that are 0% interest but rise with CPI (inflation) yearly. It sounds like there needs to be some significant regulation around the US study loan process
Then again, there's quite a bit of leeway between no interest and several hundred percent in interest and fees over decades.