Elizabeth Warren proposes canceling student loan debt and offering free public college

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Warren's proposal would cancel up to $50,000 in debt for people with annual household income under $100,000.

, mayor of South Bend, Ind., has objected to broad student-debt cancellation, preferring more-targeted debt relief.

she has proposed — a 2% tax on Americans with assets worth more than $50 million, with an additional 1% surcharge on wealth over $1 billion.and nearing 20 Democrats, candidates have each been looking for ways to distinguish themselves. Warren, despite her higher national profile, has not been in the top tier in most polls and in recent fundraising reports.

A campaign aide said Warren’s impeachment pronouncement did not signal a shift in her focus on “big policy” initiatives that have been the hallmark of her campaign. She has offered detailed proposals on subjects such as child care, anti-corruption and breaking up big technology companies — all designed to address what she sees as inequities in the U.S. economic and political systems.

She is also proposing additional federal spending on Pell Grants to help low-income students meet other non-tuition costs; additional aid for black colleges; and more money for states that increase enrollment and graduation rates for people of color.

 

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Pass .... if anyone wanted to go to public college the debt wouldn’t be so out of control.

No.

AmericaNeedsYang

senwarren Can we stop making loan payments now, and will I get previously paid monies refunded to me?

so what are we teaching our kids about loans and debt? that someone will bail you out when you run up your credit card debt or cant pay your home mortgage?

Here’s a question not addressed, is this Govt and Private loans? Most likely not. This all sounds great until someone with a brain realizes all this is getting paid by YOUR taxes. Nothing is Free. She’s buying votes!

Hey Pocahontas. Since I was financially responsible and paid for my kids education how about I get my money back? Typical democrat. Reward the irresponsible and punish the responsible.

She forgot free citizenship for anyone crossing the border while a Democrat is President, isn’t that also part of her plan?

and taxes on the middle class would be increased.

So non-college educated people can pay for upper class people to send their kids to college.

I go along with forgiving the student debt IF those of us who paid to put our kids through college will get a tax credit for the money we saved and spent.

In her policy the debt relief is taxable income or so I heard? Also heard the tax to pay for it isn’t easily quantified and collectible.

Why is no one talking about how her plan doesn’t even cut student loan debt numbers in half and does nothing to address interest? Disadvantages people who are married or who might make more because they live in large cities? But have larger cost of living expenses

She is trying to justify her benifits when she claimed to be an Indian

This is how an irresponsible politician buys votes. EWarren would give away her tribe if she thought it would get her a teepee full of votes.

So looking forward to getting back all the money I paid for student loans. It will be great to have $50,000.00 back in my pocket.

It all sounds rosy, but will come with accountability that will disadvantage low-income and first generation students.

She can sit the F down. If I would even consider a proposal like that, I would have to be given some sort of control over that person's life going forward. 😉

Does she has right to cancel students loans ? If not , she is a liar.

When you went to college you made the decision to take loans to pay for it. Nobody force you to go to college. Now you must pay for your choice. If we forgive student loans then why not mortgages and taxes too.

HOW MORONIC IS THAT IF YOU MAKE OVER $100,000 TO $250,000 DOLLARS A YEAR.....YOU CAN AFFORD TO PAY YOUR STUDENT DEBT. IT'S THE LESS FORTUNATE PEOPLE THAT NEED THE HELP.

There the rich b . . . is, campaigning for the rich.

The state already pays this debt at the end of its life. Cancelling early save federal $$$ of interest payments ewarren

I have to say I like a lot of her policies

That will teach kids about the value of money, right! NOT Strap the student loan debt to their Social Insurance Numbers, until they pay back every dime they contractually agreed to pay back.

Finally someone talking about education as an investment for our nations future making us globally competitive instead of a banking business causing more socioeconomic divisions.

And unicorns are going to fly down from the sky. Warren is full of it. How many bills has she passed in her tenure that actually helps middle America. Sounds like a great idea why hasn't she proposed a bill for student loan victims?

The banks & for profit colleges make a ton of money on student loans backed by the US Treasury. I don't see that ever passing. Education is a business in this country.

Sure flopped in Denmark

Aim high kids

Thank you, Senator Warren.

Voters can’t be blinded by these bullshit promises, college debt forgiveness, fixing social security and whatever else that we can’t afford.

That sounds good...im up to my ears in student loan debts

Fantastic If I’m elected, I will also mandate a $50k per year living wage to every inhabitant of the US and its territories, as well as Amazonprime and Netflix.

KrisKetzKMBC As long as it comes out of her graft, cool. Taxpayers, not so much.

We have bigger problems than people who willingly agreed to pay tuitions. Nice try to suck in those voters. I’m not voting for her.

I'm taking out a 50k loan now.

In other words, vote-buying isn’t illegal if you pass the money through a third party.

Sounds good. The banks will have to find some others to feed upon.

Give it away, give it away, give it away now!

Kudos to ewarren for championing this and for creating a potential pathway for educated millennials to not be straddled with debt - and the potential for meaningful participation in the US economy.

Good luck, Chuck! I’m going to go kiss my Unicorn under a Milky Way Rainbow skyline.

Just another reason she doesn’t stand a chance. First we put the generation in a position of financial ineptitude, now we bail them out? What’s next?

WalkAwayFromSocialistDemocrats

Other non-college going Americans will pay more Taxes for student loans to be abolished, NYTimes RealDonaldTrump AOC

So, Who will pay the bill then? Santa...?

Feel bad for the suckers who stop paying in advance under the false assumption that this is ever going to happen.

How dare people live up to their word and pay their debts.

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