Sen. Elizabeth Warren proposes canceling approximately $640 billion in outstanding student loan debt
Sen. Elizabeth Warren rolled out yet another ambitious policy proposal Monday morning as she called for canceling approximately $640 billion in outstanding student loan debt.
The plan would eliminate up to $50,000 in student loan debt for each person with less than $100,000 in household income. The $50,000 in relief would gradually diminish for people with household incomes between $100,000 and $250,000 . People with household incomes over $250,000 would not receive debt cancellation.Sign Up
Warren couples the student debt forgiveness with a proposal to eliminate tuition and fees at all two-year and four-year public colleges. She presents the proposals as working in tandem: First, eliminate much of the student loan debt and then restructure the system to ensure that such debt doesn’t accumulate again.
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