All is Forgiven? New Student Loan Repayment Plan

Roughly 50 percent of all college graduates leave school with what can be years’ of student loan debt. But relief is in sight. On July 1, a new income-based repayment plan goes into effect. For a look at who is eligible for this financial lifeline, The Takeaway is joined by personal finance expert Beth Kobliner. She is the author of The New York Times best-seller “Get a Financial Life.” Also joining the show are two people who are saddled with student loan debt. Austin Light is a journalist who shares over $100,000 of debt with his wife. He joins us from Charlotte, North Carolina. Colleen Hansford joins The Takeaway form Colorado Springs. As a single mother of three, she is struggling to scale down the $66,000 in debt that she’s incurred.