It was an exciting week for about 43 million Americans. President Biden announced he will forgive up to $20,000 of college loan debt. With a stroke of the pen, the President wiped away between $400 billion and $600 billion in student loan debt. The move also extends the moratorium on student loan repayments to January 2023, a full two years after the initial payment pause was initiated. But, is this the best way to fairly spend our tax dollars?