President Trump’s directive regarding student loans seems to be the one executive action of the four he took Saturday which will deliver the results the administration hopes.
This is the only area of the four, the others being mortgage relief, unemployment aid and a payroll tax holiday, most under control of the Trump Administration and which doesn't need Congressional funding action, state governments or the private sector to fully implement.
The memorandum on student aid Trump signed Saturday directs the Education Department to extend the student loan relief granted in the CARES Act until the end of the year.
Some context: Currently, payments are paused and interest is suspended on federally held student loans until September 30.
Democrats have pushed for extending the relief for another year and making private student loans eligible.
In March, Trump waived student loan interest by executive order and the administration said borrowers could request a deferment on their payments. Congress later codified that policy into law and took it a step further by automatically suspending monthly payments.