Detailed text transcripts for TV channel - KGO - 20111025:10:33:00
Are announcing today. >> reporter: the plan aims to cut fees and increase competition by executive action so he doesn't need congress to act. >> because we can't wait for congress to help our families and our economy. >> reporter: that means the president can avoid the gridlock on capitol hill. the new rules only help borrowers in good standing. you have to have a government backed loan and no late payments in six months. that still leaves 32 million people who might qualify. rob and yunji? >> huge number though. again, they at admit that the program won't help everybody because you have to be...