Cnbc
@cnbc·4.2M subscribers·16.1K videos
President Biden’s Ambitious New Plan To Help Student Debt, Explained
Posted
September 15, 2023
Views
46,181
Likes
818
Comments
367
Engagement
2.57%
September 15, 2023
46,181
818
367
2.57%
Every word spoken in this episode is indexed. Type any phrase to jump straight to the moment it was said.
Type any word or phrase that may have been spoken. Click a result to seek the player to that exact moment.
Try a name, a topic, or a quoted line
After the Biden Administration's student loan forgiveness plan was struck down by the Supreme Court, the president promised to continue fighting for student loan borrowers. This summer the White House launched the SAVE plan, an income-driven repayment plan meant to replace the REPAYE plan.
The SAVE plan caps the amount low-income borrowers are required to pay on their student loans at just 5% of their discretionary income. It also allows some borrowers to pay as little as $0 per month towards their student loans.
Watch the video above for a breakdown of President Biden's SAVE plan, ahead of student loan payments resuming.
Producer and Editor: Devan Burris
Graphics: Jason Reginato
Supervising Producer: Jeff Morganteen
Production Support: Jordan Smith
» Subscribe to CNBC
» Subscribe to CNBC TV
About CNBC: From 'Wall Street' to 'Main Street' to award winning original documentaries and Reality TV series, CNBC has you covered. Experience special sneak peeks of your favorite shows, exclusive video and more.
Connect with CNBC News Online
Get the latest news
Follow CNBC on LinkedIn
Follow CNBC News on Facebook
Follow CNBC News on Twitter
Follow CNBC News on Instagram
#CNBC
President Biden’s Ambitious New Plan To Help Student Debt, Explained
Sentinel Indexing in Progress
Metadata and chapters are available. Claim extraction for this episode is pending.
All video content is delivered via YouTube embedded players in accordance with the YouTube Terms of Service. Sentinel provides research tools that promote discovery and accountability across political media.
