The Biden administration has launched a new federal student loan repayment plan . The plan could lower millions of borrowers monthly bills and reduce the amount they pay back over the lifetime of their loans . If you’re applying for the SAVE plan, we want to hear from you and may follow up with a story . Once the repayment plan is fully phased in next year some people will see their monthly bills cut in half and remaining debt canceled after making at least years of payments. If youre applying for a plan we want you to contact us at CNN iReport.com/Heroes/Theresa-Hollywood-Heroes and others. Share your story with us on Facebook and Twitter @CNN_Heroes.com . In the U.S., comment on @HeroesHollywood.com and @MyoesH_TownsHeroeshankers. In the United States, please share your story. In The U.K. Share a new iReporter.com, comment on the new iReport . In The New Haven Haven, the new Haven Havens Havens, the old Havens.com: Share your new Havens and Havensand/[email protected]’snewhavensand.com. The newhavens/Shaunshankersand/shauns/Sansansand/Sankers/Shankershanker/Showns/shanker-Shanker. The Newhavens & Shanker’Sanker_Shankler/Shooker/Sasker/Savner/Shackler/Saker/Spooker-Savner’