Elizabeth Warren Proposes $640 Billion Student Debt Relief | WHAT REALLY HAPPENED


Elizabeth Warren Proposes $640 Billion Student Debt Relief

Sen. Elizabeth Warren (D-MA) proposed Monday a new $640 billion student college debt relief program that would also eliminate college tuition for all two and four-year public colleges.
The 2020 Democrat presidential candidate unveiled the ambitious policy proposal as she attempts to distinguish herself from the large and progressive Democrat field. Warren released the proposal ahead of a series of youth-oriented CNN town halls Monday night with 2020 presidential candidates at Saint Anselm College in New Hampshire.

“It’s a problem for all of us,” Warren noting, that student college debt has reached more than $1.5 trillion and affects more than 40 million Americans. “It’s reducing home ownership rates. It’s leading fewer people to start businesses. It’s forcing students to drop out of school before getting a degree.”

Warren’s plan, which would cost roughly $640 billion, would eliminate up to $50,000 in student debt for each person with less than $100,000 in household income. The Massachusetts senators’ plan would also lower college debt for those making incomes between $100,000 and $250,000 but at a more gradual rate. Americans with household income over $250,000 would not receive student debt relief.

Sen. Warren would then eliminate tuition and fees fro all two-year and four-year public colleges as a means to restructure the higher education system to ensure that Americans do not accumulate more college debt.

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