economics respondent today. it turns out what he is offering the students is between $4.50 and $7.70 a month of relief. these are students he spoke of today, spoke of carrying $25,000 in ample on loans. he is saying i ll save you get you quarter of it back a month. keeping with all the promises he has been making in the past campaign tour where he promises relief to homeowners in program that failed. now he is doing it on the student loans. if his audience known as minuscule the benefit he would have been laughed out of that auditorium. bret: quickly. i don t know, i haven t seen the breakdown on the numbers. i guess charles has faith in the numbers. but what the president was saying is nothing like that. the president said we have a cap on how much the folks would have to pay back at any point. it s 10% of the income. he is also saying there has to
economics respondent today. it turns out what he is offering the students is between $4.50 and $7.70 a month of relief. these are students he spoke of today, spoke of carrying $25,000 in ample on loans. he is saying i ll save you get you quarter of it back a month. keeping with all the promises he has been making in the past campaign tour where he promises relief to homeowners in program that failed. now he is doing it on the student loans. if his audience known as minuscule the benefit he would have been laughed out of that auditorium. bret: quickly. i don t know, i haven t seen the breakdown on the numbers. i guess charles has faith in the numbers. but what the president was saying is nothing like that. the president said we have a cap on how much the folks would have to pay back at any point. it s 10% of the income. he is also saying there has to