Until this matter gets thru the courts and more information is available no one can answer your question so I would not do anything until the rules are set and posted.
This is the official Department of Education FAQ and information on the Relief.
https://studentaid.gov/debt-relief-announcement/
Student Debt Relief Plan: Am I impacted?
On August 24, 2022, President Biden, Vice President Harris, and the U.S. Department of Education announced announced a three part student loan debt relief plan to help federal student loan borrowers following the pandemic. The three part plan includes an extension of the pause on student loan payments, debt cancellation, and proposal to create an income-driven repayment plan to help lower future monthly payments.
Here are some resources to help you understand the provisions within the plan that can might affect you:
