Nothing in this country is affordable anymore.
The relative price of everything – college tuition, health care, housing, gas, etc. – is dramatically higher than it used to be. This is without a doubt one of the biggest causes of political instability in the country and neither party really has any intention of doing anything about it.
I think Joe Biden is gesturing at doing something about the student loan debt crisis in much the same way that he made similar moves with rent during COVID. I expect the matter will likely get shot down in federal court after the midterms. Good Ole Joe also tried with the eviction moratorium.
This makes more sense than squandering billions on Ukraine as at least broke debtors would benefit from it, but again nothing ever happens and I doubt this will survive the inevitable challenges in federal court.