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Year, fully in effect, there could be student loan borrowers who see their payments completely cut in half, and also there wont 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 theyre 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 thr...