FILE - Students walk past Sather Gate on the University of California at Berkeley campus on May 10, 2018, in Berkeley, Calif. President Joe Biden's student loan forgiveness plan, announced in Aug. 2022, could lift crushing debt burdens from millions of borrowers. However, the tax man may demand a cut of the relief in some states, as some states tax forgiven debt as income. (AP Photo/Ben Margot, File)