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CNN CNN Newsroom With Jim Acosta June 4, 2024 22:30:00

Year, fully in effect, there could be student loan borrowers who see their payments completely cut in half, and also there won t be interest accruing during this time ear. right now what the administration is trying to do is get this beta website up and running. the official launch will come a little later in august. but they re trying to take some steps to offer some relief to the federal student loan borrowers. it sounds like everyone will qualify. and some people if you meet those income thresholds could get their payment downs to zero. but before people get their hopes up, do they expect legal challenge here is? and because this is something they re implementing through congress, what happens if biden is not reelected? well, they re hoping this plan would stay in place there have been other income-driven student repayment plans in the past. congress has actually given the department of education the authority to build those types of plans. and officials have i spoken to said th ....

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