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Of really important ideas in the bill. and i was very, very enthusiastic about income-based repayment approaches. - oh, yeah, income-based repayment-- i'd seen some of those fun videos. - payments are based on your income. so if you make little, you pay little. - with these helpful-looking programs, maybe there'd be no need for bankruptcy. just use the federal government's simple, convenient tools instead. - let's say you win the lottery, maybe just pay your loans off. but if your situation changes, this might lower your payments substantially. - lower monthly payments? now, that sounds like a...

Of really important ideas in the bill. and i was very, very enthusiastic about income-based repayment approaches. - oh, yeah, income-based repayment-- i'd seen some of those fun videos. - payments are based on your income. so if you make little, you pay little. - with these helpful-looking programs, maybe there'd be no need for bankruptcy. just use the federal government's simple, convenient tools instead. - let's say you win the lottery, maybe just pay your loans off. but if your situation changes, this might lower your payments substantially. - lower monthly payments? now, that sounds like a...

- oh, yeah, income-based repayment-- i'd seen some of those fun videos. - payments are based on your income. so if you make little, you pay little. - with these helpful-looking programs, maybe there'd be no need for bankruptcy. just use the federal government's simple, convenient tools instead. - let's say you win the lottery, maybe just pay your loans off. but if your situation changes, this might lower your payments substantially. - lower monthly payments? now, that sounds like a deal. i hear about these income- contingent repayment plans, or income-based repayment plans, or a public service...

In just ways that we never could have foreseen. - but i think we teed up a lot of really important ideas in the bill. and i was very, very enthusiastic about income-based repayment approaches. - oh, yeah, income-based repayment-- i'd seen some of those fun videos. - payments are based on your income. so if you make little, you pay little. - with these helpful-looking programs, maybe there'd be no need for bankruptcy. just use the federal government's simple, convenient tools instead. - let's say you win the lottery, maybe just pay your loans off. but if your situation changes, this might lower...

Biden administration to do? >> you know, as we look at the repayment programs, it's really important that we work with those most marginalized in our communities, recognizing that the impact is going to be disproportionate. so we recognize there are still some hoops and barriers, income caps, means testing, things of that nature that exclude a lot of people from the opportunity to see their debt cancelled. looking at the fact that black borrowers on average have 53,000 dollars of student debt in our campaign. we advocated for the cancellation of 50,000 or more. we recognize again this is furth...