The Biden administration is expected to make an announcement today on student debt cancellation. According to multiple news accounts, the administration will cancel $10,000 of federal student loans for borrowers making $125,000 or less. The plan has been widely panned by groups pushing for broader student debt relief. Derrick Johnson, the head of the NAACP, tweeted on Tuesday, “President Biden’s decision on student debt cannot become the latest example of a policy that has left Black people — especially Black women — behind.”