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Transcripts For CNN CNN Newsroom With Ana Cabrera 20240707

intense debates inside the white house, tons of pressure from groups. there s three key elements here. the details are very important. there are income caps to actually qualify for this loan cancellation. if you are an individual who makes under $125,000 a year or a family that makes under $250,000 a year and you have federal loans, the president is going to basically sign the ability to cancel $10,000 of those loans. there s another element that s important. $20,000 could be canceled for any pell grant recipients with federal loans. that s incredibly important as the administration has worked continuously over the course of the last several months to target this relief and target this cancellation towards lower and middle income individuals. the administration officials believe roughly almost all of pell grant recipients make $60,000 or less. they would all qualify. when you look at the loan cancellation, it would affect about 43 million borrowers if they took advantage of w

The start of a great chapter : Nebraska introduces Troy Dannen as athletic director

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