The cap of a University of Iowa graduates candidate is decorated with writing reading "Cancel student debt" during a commencement ceremony for the College of Liberal Arts and Sciences, Saturday, May 14, 2022, at Carver-Hawkeye Arena in Iowa City, Iowa. Massive tech layoffs, bank failures and a potential U.S. recession could throw a wrench in the plans of 2023 graduates — in the same year federal student loan payments are expected to resume and accrue interest. (Joseph Cress/Iowa City Press-Citizen via AP, File)