Posted in Web Student Loans Dropped Again From Major Legislation, But … December 4, 2021 Student Loans. The Build Back Better plan — Biden’s economic and social plan in the aftermath of the Covid-19 pandemic — was cut from $3.5 trillion to $1.75 trillion. https://www.forbes.com/sites/zackfriedman/2021/10/30/student-loan-cancellation-not-in-bidens-build-back-better-plan/