If at first you don't succeed, try and try again. President Joe Biden appears to be taking the old adage to heart.

The president's initial plan to forgive student loan debt was recently struck down by the U.S. Supreme Court. However, the Biden administration quickly announced its "plan B" to provide debt relief to students.

Trying again, though, doesn't always lead to success. I predict that these will be the two biggest problems with Biden's backup student loan plan.

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Source Fool.com