Congress is supposed to have the power of the purse. Stuff like this should be passed as a law, not as a presidential decree.
This is only true if you don’t like the president. But if you like the president, then Congress shouldn’t get in the way of all his awesome ideas.
Congress has become useless thanks to pre-Civil War level animosity. We have situation where a generation of college grads are running into problems with the high cost of everything, housing is priced well out of their range in many areas... and they need to pay back loans for college degrees that used to be worth more than they are now. Something needs to be done, and typically this comes from Congress. This is a Congress thing. But this, like many other problems (see immigration), the GOP refuses to actually address any of it. Even when W had an immigration plan, the GOP balked.
So that leaves Presidents with a need to fix an on-going problem within the limits of the authority they have. The executive branch has been reaching out further and further, and right now Biden is trying to address an issue within some technical set of limits because this problem needs to be dealt with.