• afraid_of_zombies@lemmy.world
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    1 year ago

    As I said, he could have instructed them to just not act on or pursue any payments. Let Congress vote to force the executive to do something deeply unpopular.

    • singron@lemmy.world
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      1 year ago

      If the next president reverses the order, then all these people are in the same position and might owe additional interest. Banks know this, so they will hold it against anyone seeking credit. Congress doesn’t even have to vote.

      With the income based repayment, they aren’t considered delinquent on their loans, interest doesn’t build, and there is a path towards having the debt forgiven eventually.