Sen. Elizabeth Warren introduces a bold plan to cancel student debt for many American households and eliminate tuition
Presidential candidate Sen. Elizabeth Warren rolled out a higher-education plan Monday. By Danielle Douglas-Gabriel Danielle Douglas-Gabriel Reporter covering the economics of education Email Bio Follow April 22 at 1:40 PM Presidential candidate Elizabeth Warren on Monday unveiled a sweeping proposal to erase student loan debt for millions of Americans and make public college free for millions more, a plan that could distinguish her from the rest of the Democratic field.
The cost? Roughly $1.25 trillion over 10 years. Debt forgiveness alone would involve a one-time cost of $640 billion. Warren, who unveiled the plan in a piece posted on Medium, plans to pay for the plan with her Ultra-Millionaire Tax, a 2 percent annual tax on 75,000 families with $50 million or more in wealth.
Yet there has been little mention of the more than 44 million people already burdened with student loans, which makes Warren’s debt cancellation plan a standout, liberal policy analysts say. Many of the proposals in Warren’s higher-education plan are focused on racial and socioeconomic equity. Warren would make additional federal funding available to states that demonstrate improvements in enrolling and graduating low-income students and students of color. She also would require public colleges to complete an annual audit identifying shortfalls in enrollment and graduation rates for that population.
United States Latest News, United States Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Sen. Elizabeth Warren calls for impeachment of President Trump'The severity of this misconduct demands that elected officials in both parties set aside political considerations and do their constitutional duty,' wrote Warren.
Read more »
Sen. Elizabeth Warren promises to roll back Trump energy policies on 1st day in officeSen. Elizabeth Warren promised to sign an executive order on her first day as president – if elected – to end drilling offshore and on public lands, a move that would reverse Pres. Trump's most notable energy policies.
Read more »
Sen. Elizabeth Warren Proposes Student-Debt CancellationSen. Elizabeth Warren is proposing using taxpayer money to wipe out hundreds of billions of dollars in student-loan debt as a way to control rising college costs.
Read more »
Warren proposes $640 billion student debt cancellationSen. Elizabeth Warren proposes canceling approximately $640 billion in outstanding student loan debt
Read more »
Sen. Elizabeth Warren's 'Game of Thrones' hot take: She's Daenerys and Trump is CerseiSen. Elizabeth Warren (D-Mass.) took time out from campaigning for the U.S. version of the Iron Throne to review last week's season premiere for The Cut. Her take? 'It’s about the women.' (Also, the Iron Bank.)
Read more »
Perspective | There she goes again! Sen. Elizabeth Warren introduces a new proposal to significantly lower student debt.Perspective: Sen. Elizabeth Warren introduces a new proposal to significantly lower student debt. The extent of college debt in America clogs the economy and is racially unjust. The Democratic presidential contender has a bold idea to reduce it.
Read more »
Elizabeth Warren says House should start impeachment proceedings for TrumpJUST IN: Sen. Elizabeth Warren has called on the House of Representatives to begin impeachment proceedings against President Trump.
Read more »
Warren releases sweeping student debt cancellation and free college planSen. Elizabeth Warren on Monday proposed eliminating the student loan debts of tens of millions of Americans and making all public colleges tuition-free, staking out an ambitious stance on one of the central policy debates of the 2020 Democratic primary.
Read more »
On the campaign trail, Elizabeth Warren furthers calls for impeachment proceedingsSen. Elizabeth Warren is the first 2020 Democratic candidate to go so far on impeachment in the aftermath of the Mueller report.
Read more »