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.
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