Sanders and Warren on Debt Cancellation and Higher Education Finance - An Early Assessment

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Sanders and Warren on Debt Cancellation and Higher Education Finance - An Early Assessment
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Senators Sanders' and Warren's higher education finance and student debt relief plans are game-changers. And some version of one of the plans - ideally, a synthesis of both - must and will be adopted.

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Now that both of the two most progressive candidates for the Presidency – Senators Sanders and Warren – have offered their plans for higher education finance and student debt relief, the time would seem fitting for a preliminary comparison and assessment. Let us first answer the 'why' question, then compare the two Senators’ replies to the 'how' question.

Both Senators Sanders’ and Warren's plans include prospective and retrospective components, meaning in turn that there are two ‘why?’ questions for each plan – ‘why reform going forward?,’ and ‘why relief looking backward?’. The answers to both questions are straightforward. To start with the retrospective – debt relief – components of the plans, the ‘why’ sounds in both justice and macroeconomic health. Outstanding higher education debt became theRepresentative Ilhan Omar, a Democrat from Minnesota, from left, Senator Bernie Sanders, an independent from Vermont, and Representative Pramila Jayapal, a Democrat from Washington, arrive to a news conference announcing college affordability legislation on Capitol Hill in Washington, D.C., U.S., on Monday, June 24, 2019.

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