Obama may extend loan payments even if he is not legal to do so but remember loan interest will increase and pile up so doing what Obama wants will make students worse off. Reducing loan payments is another lie from our sociopathic president.
I believe after 20 years the loan is considered paid up, even if a balance is owed.
He’s trying to ensure that he gets the Millenials’ votes for his 3rd term once he kills the 22nd amendment. So many of them are strapped with high college loans to repay that they would vote for him based on this alone.