You're right that Biden contributed to this current system with his support for the Bankruptcy Abuse Prevention Act, and he should be condemned for it, but his administration has also taken significant steps to alleviate the burden by canceling student loan debt for over 5 million borrowers, and to the tune of $127 billion in relief through these programs. Your critique is justified, but your lying about the current loan forgiveness attempts, is not. Acknowledging one aspect, while dismissing the other, just comes off as partisan.
Claiming the current relief efforts were a "cruel joke" ignores how the GOP-led opposition actively obstructed these plans in court, too. Despite that, they still pursued multiple avenues for relief and actually succeeded in some. If anyone is responsible for the failures of broader relief, it's the GOP-led states and lawmakers who actively obstructed these efforts through lawsuits and partisan resistance. Where's the smoke for Andrew Bailey, Leslie Rutledge, Christopher Car, Steve Marshall, Ashley Moody, Drew Wrigley, Dave Yost and the rest of the red state Attorney Generals and Governors? And the incoming administration? It's like y'all are afraid to acknowledge the opposing force that's responsible for why we're here.
As far as this article, this withdrawal is a a precautionary move to avoid leaving an incomplete framework in place that could be misused or reinterpreted. Remember,
Trump already said he was going to go after these programs to force people who had their loans forgiven to reverse them.