You misunderstand this move. This isn't about the money. A drop in the bucket, utter symbolism.
This is just one small story in many decades of more and more changes to the lender-debtor relationship. In economics I learned that one of the most important reasons for US capitalism's success was that, unlike in other parts of the world until that time where debtor prison and other nasty things awaited anyone who didn't, most often couldn't pay their debts in the US you'd be freed from your debt and then could start over and try again. The invention of the corporation (16th century) was when that movement started that debts are not eternal and that one should be able to try again. It still is true for corporations, but for individuals the noose has been tightening more and more not just in the US. There have been (economic) articles about a growing disparity between economic teaching and reality in the area of lendor-debtor relationship and power for a long time. The power has slowly shifted ever more towards the lender. This story is just one tiny brick in a big wall that was started being built decades ago.