for the program. federal student loan payments are set to resume in october. we have more details now from delaware. reporter: the biden administration is taking some new steps to offer relief to some student loan borrowers. with some borrowers potentially seeing their payments go as little as $0 a month. this was rolled out by the department of education in a beta website opening up applications during a test period for the income student loan repayment plan that the administration is calling the save plan. this would apply to those with federal student loans. it applies to current loan holders and future boar roarers as well. this plan would be based on your income and family size. and the department of education is estimating one million borrowers could see their payments go to $0 a month.
and it s in a baieta website foa test period of replacement that the administration is calling the s.a.v.e. plan. this would apply to those who have federal student loans. private student loans are not part of this. it applies to current holders and future as well. this plan is based on income and family size. and the department of education is estimating that 1 million borrowers could potentially see their payments go to zero dollars per month. this is discretionary income, so that money you have after paying your taxes and other living expenses. and individuals makes $32,805 or less. and families of four making $67,500 or less they would see their monthly payments wiped out to zero. another interesting component to the plan, as you re paying off the student debt, the interest would no longer accrue on those federal loans. now others when this plan goes
launched this beta website which gives them a sense to address some issues that could arise over the process as the full launch is to occur in august, but those applications are open, and people can begin to submitting them now. this is the latest step that the white house is taking to offer some relief to student loan borrowers, and it is not as sweeping as the student loan forgiveness program that was blocked by the supreme court but it is trying to help people that matters to young voters. so if you are taking a look at the details of the plan, it is based on the income and the family size. it only applies to federal student loans and private loans are not a part of this, but some borrowers could see the monthly payments wiped down to zero a month including individuals making roughly less than $33,000 a year, and families of four making roughly less than $67,000 a year. another key component is that interest no longer accrues on
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New data has determined the safest place to live in all of New York. It's located in the Hudson Valley. Do you live in or near New York's safest hometown?