American student loan debt

Now some way into this administration's term, there is still little sign of much student loan debt being forgiven. This is not surprising: while Joe's Agenda for Students remains mostly a to-do, and graduates still await immediately cancel a minimum of $10,000 of student debt per person, the midterms are coming, both chambers^* hang in the balance, and it is difficult to act on student loan debt without upsetting people. On the one hand, student loans drive inequality, they're even regressively racist; on the other, forgiveness has the odor of being unfair to those who worked hard to repay their own loans.

Given that many Americans' outstanding loans include a significant fraction of accrued interest, I wonder if a more achievable option would be to provide refinancing with loans that are offered on far better terms, such as those in Scotland. Perhaps that would not seem as offensively unfair to some while, at least in the longer term, making an appreciable difference for those who need it most.

^*Is that what one calls the two parts?