Elizabeth Warren, James Clyburn to release legislation cancelling $50,000 in student loan debt per borrower

'The student debt crisis is real and it's crushing millions of people -- especially people of color,' Warren said.

they would be introducing legislation to wipe out up to $50,000 in student loan debt each for 42 million Americans.

The release emphasized the ability of the legislation, which will be introduced in both Congressional chambers in coming weeks, to alleviate loan debt taken on by individuals of color.

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