WEBVTT SOLEDAD: MILLIONS OF RECENTCOLLEGE GRADS JUST RECEIVEDTHEIR FIRST STUDENT LOAN BILL.THEY JOIN TENS OF MILLIONS OFPEOPLE PAYING OFF THE COST OFHIGHER EDUCATIONTHE 2016 GRADS ARE EACH CARRYINGABOUT $37,000 IN DEBT, WHICH,FOR MANY, WILL MEAN A DELAY BUYING BIG TICKET ITEMS, LIKEHOMES AND CARS, AND MIGHT MEMOVING BACK IN WITH THE FOLKS.OVERALL, TOTAL STUDENT LOAN DEBTIN THIS COUNTRY GOES NORTH OF$1.2 TRILLION.THAT'S TRILLION, WITH A "TPRESIDENT-ELECT TRUMP HASPROPOSED A SHIFT IN THE STUDENLOAN REPAYMENT PROGRAM,INCREASING PAYMENTS FROM 10% T12.5% OF GRADUATES' INCOME INEXCHANGE FOR FORGIVING LOANSAFTER 15 YEARS, INSTEAD OF THECURRENT 20.CORRESPONDENT DIANE ROBERTSINTRODUCES US TO A FAMILY 12YEARS INTO THE CURRENTPAYOFF PROCESSDIANE: BY THE TIMEEIGHT-MONTH-OLD SHAI GOES TOCOLLEGE, HER TUITICOULD BE ASTRONOMICAL AS HIGH AS, $44,000 PER YEAR.>> IT IS SCARY SOMETIMES TTHINK ABOUT HOW MUCH IT MAY BEWHEN SHE GETS THAT AGE>> PLANNING FOR SHAI ANDSEKHET'S EDUCTION.NICOL AND SUNMER DAVIS ARE STILLWORRIED ABOUT THEIR OWN.THEY KNOW THEY'RE FORTUNATE TOHAVE JOBS AND A HOME.BUT STILL HAVE BILLS TO PAY,INCLUDING DRAINING STUDENTLOANS.>> MY FIRST BILL WAS THEMAJORITY OF MY FIRST PAYCHECSO I WAS SHOCKED AND TRYING TOFIGURE OUT HOW I WAS GOING TOPAY RENT, HOW I WAS GOING TO BUYFOOD.DIANE THE ST. JOHN'S GRAD HAS: BEEN PAYING SEVERAL SCHOOLLOANS ON HER EDUCATION DEGREEFOR 12 YEARS.>> SO $500 A MONTH GOING OUT TPAY MY LOANS, AND THAT'SEQUIVALENT TO THE CAR NOTE PLUS, INSURANCE.DIANE HUSBAND SUNMER, WHO'S BEEN: PAYING $300 EACH MONTH, PAIDOFF HIS LOAN IN OCTOBER.WHEN YOU LOOK AT THIS AND SEETHESE WORDS, HOW DOES IT MAKEYOU FEEL?>> IT MAKES ME FEEL GREAT.DIANE SUNMER'S TOTAL PAYOUT FO: EIGHT YEARS OF SCHOOL WAS$22,000.HE MIGHT STILL BE PAYING, BUTHIS MOTHER SHARED SOME OF THEBURDEN BY TAKING OUT A $23,000STUDENT LOAN FOR HIM.UNDER THE CURRENT STUDENT LOANREPAYMENT PLAN, FAMILIES, LIKETHE DAVIS', ARE REQUIRED TO PAYAT LEAST 10% OF THEIR DISPOSABLEINCOMEAFTER 20 YEARS OF ON-TIMEPAYMENTS, THE REMAINDER WOULD BEFORGIVEN.YET, 6.6 MILLION AMERICANS AREEITHER DELINQUENT OR IN DEFAULTON OVER $200 BILLION IN STUDENTLOANS.UNDER PRESIDENT-ELECT TRUMP'SPLAN, THEY WOULD PAY AT LEAST12.5% OF THEIR DISPOSABLE INCOMEAND BE FORGIVEN AFTER 15 YEARSTHAT WOULD HAVE INCREASED THEIRMONTHLY PAYMENT FROM $800 $1,000 EACH MONTH.STILL, THEY KNOW THEY'RE LUCKYTHEY COULD AFFORD COLLEGE.BUT THEIR SITUATION IMPACTS MORETHAN JUST THEIR FAMILY>> I WOULD SAY THAT IT AFFECALL OF US BECAUSE EVERYTHING WE, DO DRIVES OUR ECONOMY, AND WARE GIVING -- THE MORE WE SPENTHE MORE OUR ECONOMY GROWS.SO WE DO AFFECT EACH OTHER INTHAT WAY.DIANE BOTH PARENTS A: ELEMENTARY TEACHERS.THEY MIGHT WANT TO CONSIDERTELLING THEIR STUDENTS ABOUT THEPITFALLS OF BORROWING MONEY FORCOLLEGE AND PAYING IT BACK.DID YOU THINK ABOUT HOW MUCH ITWOULD COST YOU?DID YOU THINK ABOUT THAT?>> NO, I DIDN'T SEE THE BIGPICTURE.I DIDN'T LOOK AT THE NUMBERSDIANE MAYBE HE AND NICOLE WILL: HAVE BETTER LUCK WITH THEIROWNDAUGHTERS, WHICH MIGHT PREVENT