Biden’s Student Loan Forgiveness Plan: Who Qualifies, and How Much Debt Will Be Canceled? - WSJ

What if I’ve already paid off my loans? As of the end of last year, fewer than 1.2% of borrowers continued making payments on their student loans, Mr. Kantrowitz said. But some of the borrowers who did took advantage of the two-plus years of optional, interest-free payments to wipe out their debt entirely. This measure won’t apply to balances that have already been paid off.

Thanks for fulfilling your obligation! You are now responsible for someone else’s eduction payments so that they can increase their lifestyle even further.