Warren’s student loan plan targets 42M borrowers

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Elizabeth Warren is raising the bar for her fellow 2020 hopefuls from free college to mass loan forgiveness

The proposal, which was announced on Monday, injects a new idea into a Democratic primary field already debating progressive ideas on the Green New Deal and "Medicare for All." But Warren’s plan is also prompting charges from the right, and even some corners of the left, of a massive and unfair giveaway that would benefit students who racked up debt to attend expensive schools instead of those who saved for college or picked less pricey options.

By signing up you agree to receive email newsletters or alerts from POLITICO. You can unsubscribe at any time. “It certainly is an ambitious proposal,” said James Kvaal, a former Obama White House education adviser, who now runs The Institute for College Access and Success, a non-profit. He said the debt cancellation idea is a proposal for “redistribution of wealth more than it is a higher ed policy.”

Several other 2020 contenders have already sought to distance themselves from calls for free college as a way to burnish their more moderate credentials. Minnesota Sen. Amy Klobuchar, for instance, has said she’s opposed to making four-year colleges free. And South Bend, Ind. Mayor Pete Buttigieg has also been critical of such plans.

 

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It's not free. It's just that someone else is paying it.

Go ewarren ! I voted for Bernie in the 2016 primaries. I am 100% behind the best candidate again, but this time its ewarren ! Last night she showed us all she has the moral fight and smarts we need

If debt is forgiven, I want a rebate for my plast debt paid for college education plus interest.

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.

Freebies! Forgive all my loans! Let’s not cherry pick! I’m not voting for a single politician who touts buying votes for freebies paid for by you & me! Not enough rich people to fund their crap!

Does this mean i get my money back since I paid off my loans per the agreement I signed when I accepted the money?

Next, free donuts for everyone!

These proposals sound terrific precisely because they are the exact opposite of what BetsyDeVosED would do. They repudiate the feudalistic vision of an America where shark loans are the path to common survival and slight social mobility.

As social security and Medicare go bankrupt leaving older Americans to live in poverty and without medical care!

I am starting to like you but am worried you have no plan on how to pay for your plans. Who pays off the banks? ...

NOTHING is EVER free! Look how the FREE health insurance under Prior President Obama turned out? Hate it when DEMs say “free.,” because their free comes from the working class’s paycheck!

GTFOH... Pay your own way....

Drumpf succeeded in pushing Democrats2020 into a no-mans land of reparations and free money that actually INCREASE the economic anxiety of the electorate. Watch for the wise centrist candidates that don't take the bait. WarrenHasAPlanForThat is dead on arrival.

Raising the bar of stupidity.

Free Healthcare! Free College! Free Doughnuts! Warren promises it all!

We wonder why she has NOT still gone fir medicare for all, we are waiting for that too

It’s the free shit movement! From the Socialist party of America!

Govt to control admissions, what's taught or not taught, built or not built, updated or not, etc. States also control the 'state' schools & would never relinquish. Teacher's union is still the most powerful org in the US. Who gets the multi billion endowments at the schools?

And she’s bringin’ freshy donuts! Sweet!

Michelled001 Yeah yeah. She said the same thing in 2016. The check is in the mail...

She can’t pay for this but why do I have to pay because some kid did 5 years in college got a degree in ART came out with $80.000 in loans now I have my tax dollars to pay it off?

That's doable. Since trump spent 700 billion each year so far for Military. I am sure the Military can function one year without 700 Billion

When asked how she was going to pay for all of these handouts, she said “With all the colors of the wind”

21st century buying of votes.

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Here's What The 2020 Presidential Candidates Say About Your Student LoansThe 2020 race may reshape the future of student loans. Your one Golf Course (No Mortgage) and upscale restaurant is going to shape the future for you and your Son Baron. Have funs and see you latter ! When college is free it becomes super high school. Calculations for time in basement will have another variable. Once the basement time exceeds fertility, the nihilists win.
Source: Forbes - 🏆 394. / 53 Read more »