And 1.6 million parents with college bound children who will not have to worry about how they're going to pay for their child's education. We are helping slash monthly student loan payments for New Yorkers with working people Reducing their payments an average of $3,000 per year on student loans under this program. And for those with advanced degrees, we expect to reduce average payments by $7,000 per year for those who are public service or nonprofit employees. (07:31–07:39)
CLAIM
Asserts that the program will reduce student loan payments by an average of $3,000 per year.
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