Springfield, MO

Log in Subscribe

Elizabeth Warren wants to erase most student loan debt

Posted online

Sen. Elizabeth Warren, D-Massachusetts, is seeking to erase most student loan debt.

The presidential candidate proposed the write-off of hundreds of billions of dollars worth of existing student loan debt.

In a blog post, she said her plan "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."

She also wants to eliminate tuition at all public two- and four-year colleges.

The projected price tag for the initiative is $1.25 trillion over a 10-year period. It would be paid, in part, by a new tax on multimillionaires.

Read more from NPR.


1 comment on this story |
Please log in to add your comment
Dean Arens

How about car loans next? I paid back loans I agreed to take out and think it sets a bad example to excuse these children from learning real life lessons. Personally, I think trade schools are great, cost considerably less along with providing immediate employment opportunities with good earnongs potential.

Tuesday, April 23, 2019
Editors' Pick

Nonprofits impacted by ‘Kevin and Liz Show’ cancellation

Laid-off disc jockeys were the voice of Hungerthon and Boobapalooza for two decades.

Most Read