i ve been talking to borrowers about how this repayment system having to repay will affect them and this is what they told me. i didn t realize it was going to be that soon and that abrupt. so, yeah, it s going to be a shock because now we have to allocate more of a budget now to pay those back in a timely manner. it s a little nerve-racking. i guess because interest will start. i m not too worried about it because i know the flexibility and i know what s available for me at this time. on top of paying rent and wherever i ll be living at after college, i have to worry about that, as well. that gentleman wouldn t be affected because he wouldn t have to start paying back his loans yet, but he would be affected by that forgiveness plan and people are waiting to see what will happen with the supreme court which we should know by the end of june, jose. lindsay reiser in new york city, thank you very much. let s turn to the markets and the dow is up 110 pointsa the this hour and
$36,800 a year you don t have to make any payments. it forgiveness remaining balances a after ten years instead of 20 or 25 years. these are ways to tweak the income-based repayment system to get borrowers out from under these big heavy debt burdens so they can live their life, right, they can invest in their retirement, try to buy a house. it s not just the student loan burden that is holding them back from the middle class. look at those changes there, that adds up to real money for a lot of earners in this country if they come to effect. christine romans, thanks so much. you re welcome. still to come here is your gas stove set to become a thing of the past is this up next, why the government is considering regulating the appliance and the pollutants that studies show that burner is bringing into your home.
estimate the cost, the real cost could reach urealp to $1 trillion over 10 years onceew the new income based repayment system is implemented, although you will be taxed on that mone y and that means 40%, you ll have to pay the federal government. you can t make it her with reaction. fox new contributor, by thed. way, he needs now whatwith the humpty dumpty big fall. we need a real media host on this network. joe is the man and the host of monica crowley and her great podcast. d he monica crowley is with us . monica will start with you. nobody s telling us how they re theydy s telling us how they re should somebody that goes into the trades or somebody that shounrades or somebody that and doesn t have a college degree be paying for the college education ofut some kid that willingly took out a loan with the promise to p paayy back ? yeah, exactly., this you just hit the nail on the head. this this is sunfair, o inherene unfair, sean, to the exact people that the democrats
points for that. the real cost could reach $1 trillion over 10 years, once new income-based repayment system is reimel reimelemented. here is fox news contributor, with humpty-dumpty s big fall, joe concha is the man and host of monica crowley and her podcast. nobody telling us how they will pay for this, why should somebody in a trade or doesn t have a college degree be paying for college education of some kid that willingly took out a loan with promise to pay it back? yeah, exactly, you just hit the nail on the head, this is unfair, sean, to the exact people that democrats claim to