Elizabeth Warren Wants To Erase Most Student Loan Debt

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April 22, 20191:28 PM ET

ANYA KAMENETZ

Massachusetts Sen. Elizabeth Warren has issued another big policy proposal as part of her campaign for the Democratic presidential nomination in 2020. This one concerns higher education.

Warren proposes that the federal government write off hundreds of billions of dollars in existing student loan debt.

The amount of debt that would be eligible for forgiveness would vary by income, but an independent expert analysis submitted as part of her plan suggests that three-quarters of households would see all their federal student loans forgiven. In addition, the analysis notes, getting rid of this debt would reduce the racial wealth gap.

The debt cancellation plan, according to her post on Medium, "cancels $50,000 in student loan debt for every person with household income under $100,000" and "provides substantial debt cancellation for every person with household income between $100,000 and $250,000."

FULL story: https://www.npr.org/2019/04/22/715956948/elizabeth-warren-wants-to-erase-most-student-loan-debt


2020 Democratic presidential candidate Sen. Elizabeth Warren speaks to local residents in Queens, N.Y. Warren wants the federal government to forgive hundreds of billions of dollars in existing student loan debt.
Frank Franklin II/AP