ARRESTED.
DIANE.
CHIEF GLOBAL AFFAIRS
CORRESPONDENT MARTHA RADDATZ,
THANK YOU.
>> AND MORE THAN 150,000
STUDENT LOAN BORROWERS
ARE ABOUT TO HAVE THAT DEBT
WIPED CLEAN.
IT'S PART OF THE NEXT PHASE
IN PRESIDENT BIDEN'S STUDENT
LOAN FORGIVENESS PLAN.
WHITE HOUSE CORRESPONDENT PARKS
JOINS ME NOW FOR MORE ON THAT.
HOW WILL THIS PLAN WORK AND HOW
DO YOU KNOW IF YOU'RE ELIGIBLE?
>> YEAH, DIANE, MOST OF THE
RECENT FIXES TO THE STUDENT
LOAN FORGIVENESS PROGRAM
HAVE BEEN JUST THAT FIXES
TO PROGRAMS THAT WERE ALREADY
IN PLACE, ESPECIALLY THINK
OF PEOPLE LIKE PUBLIC SERVANTS
TEACHERS FIREFIGHTERS
WHO HAVE QUALIFY FOR PUBLIC
LOAN FORGIVENESS.
BUT THOSE PROGRAMS HAVE BEEN
BROKEN.
>> THIS IS DIFFERENT.
THIS IS NEW DEBT FORGIVENESS
AND.
IT IS VERY INTERESTING.
IF YOUR ORIGINAL BALANCE WAS
LESS THAN $12,000 YOU SEE THERE
AND YOU PAID FOR OVER YEARS,
YOU NOW QUALIFY.
THE TRICK IS YOU HAVE TO
HAVE SIGNED UP FOR
THE PRESIDENT'S SPECIAL
REPAYMENT PROGRAM.
THAT SAME PLAN AND IF
YOU HAVEN'T YET SIGNED UP,
YOU CAN STILL DO SO.
DIANE WE THINK THIS WILL REALLY
MAKE A BIG DIFFERENCE FOR A LOT
OF PEOPLE.
WE KNOW THERE ARE SIGNIFICANT
OF BORROWERS WHO HAVE A HARD
TIME FINISHING OFF THAT FINAL
DEBT THAT THEY OWE, LIKE
YOU SAID.
THE WHITE HOUSE ESTIMATED
THAT THIS WILL ALREADY OVER
150,000 PEOPLE.
BUT THERE ARE OTHERS WHO MIGHT
REALIZE WILL QUALIFY AND NOW
SIGN UP FOR A STUDENT LOAN DEBT
FORGIVENESS HAS BEEN A KEY
PRIORITY FOR THE PRESIDENT.
HOW COULD THIS AFFECT
HIS CAMPAIGN AS HE RUNS FOR
REELECTION?
YEAH, HE IS ABSOLUTELY HOPING
TO TOUT THIS AND RUN ON THIS.
WE HAVE HEARD THE WHITE
HOUSE SAY THAT THEY UNDERSTAND
,DAN, THE AVERAGE VOTER THINKS
THAT THEY DIDN'T MAKE GOOD ON
THIS PROMISE.
THEY KNOW THEIR ORIGINAL PLAN
FELL SHORT IN THE COURTS
AND THAT A LOT PEOPLE FEEL LIKE
THIS WAS A BROKEN PROMISE
BECAUSE OF THAT.
IT'S TRUE.
I'VE TALKED VOTERS AROUND
THE COUNTRY WHO'VE BEEN
FRUSTRATED.
THEY FEEL LIKE THE WHITE
HOUSE PROMISED TO DO MORE ON
STUDENT LOAN RELIEF AND DEBT
RELIEF.
>> AND SO THE WHITE HOUSE IS
LOOKING THESE OTHER WAYS
TO MAKE A DIFFERENCE HERE.
THIS IS EXACTLY THE KIND
OF MESSAGE HE WANTS TO BE
TALKING ABOUT ON THE CAMPAIGN
TRAIL.
JUST WEEK, I ASKED THE WHITE
HOUSE PRESS SECRETARY IN THE
BRIEFING ROOM IF THEY THINK
THESE OTHER PLANS WILL HOLD UP
IN COURT.
WHAT OTHERS DIDN'T.
THEY SAID THEY ARE GOING
TO KEEP TRYING.
THEY ARE CONFIDENT THAT THEY
HAVE THE LEGAL BASIS TO DO THIS
AND THEY WANT TO SELL MESSAGE
TO THE AMERICAN PEOPLE.
>> SO WHAT ELSE IS ON
PRESIDENT BIDEN'S AGENDA WHILE
HE'S IN CALIFORNIA THIS WEEK?
>> YEAH, MOSTLY FUNDRAISERS.
I MEAN, DEMOCRATS HAVE OFTEN
USED CALIFORNIA'S SPECIFICALLY
SAN FRANCISCO, L.A.
AS ESSENTIALLY A PIGGY.
I MEAN, THESE ARE FUND RAISERS
TRYING TO GET AT SOME OF THE
WEALTHIEST MEMBERS
OF HOLLYWOOD'S SILICON VALLEY.
THE PRESIDENT HAS GOOD AT
RAISING CASH FOR HIS CAMPAIGN,
A PART OF THAT IS BECAUSE
HE'S ALREADY ABLE TO WORK
WITH THE DEMOCRATIC NATIONAL
COMMITTEE BECAUSE HE'S NOT
FACING A PRIMARY CHALLENGE.
SO THIS BEEN A SORT OF BRIGHT
SPOT IN THE PRESIDENT'S
CAMPAIGN.
WE KNOW HE HAS STRUGGLED
WITH THOSE POLLING NUMBERS,
BUT SO FAR HE'S BEEN ABLE
TO RAISE MONEY AND MOSTLY