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Elizabeth Warren wants to erase most student loan debt

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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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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.

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