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Because Biden did it in ways the judges could block. Per the Department of Education, the executive has the authority to simply delete the debt and dare the judges to create new debt out of thin air.
What options are available?
That doesn't seem to be the case as "The president ... can forgive debts only when Congress authorizes it" [1].
[1] https://theconversation.com/what-are-the-limits-of-presidential-power-to-forgive-student-loans-a-constitutional-law-expert-answers-5-questions-201138
The president has the power to order the Department of education to delete the debt..
It doesn't matter if the courts later turn around and go "that was illegal", the debt is already gone and watching them try to create it out of thin air would be a wonderful tool to destroy the political legitimacy of the right-wing courts.