Warren proposes canceling billions in student loan debt

Credit: Reuters Studio
Published on April 22, 2019 - Duration: 01:37s

Warren proposes canceling billions in student loan debt

U.S. Senator Elizabeth Warren, who is seeking the Democratic nomination for the 2020 presidential election, wants to cancel billions of dollars in student loan debt and make college cheaper for students going forward.

Havovi Cooper reports.

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Warren proposes canceling billions in student loan debt

A bold new plan by Senator Elizabeth Warren --to eliminate student debt and make college more affordable... ...as Democratic candidates for president try to set themsleves apart in a growing and crowded field.

In a post Monday- on the website Medium- Warren outlined- a $1.25 trillion proposal to reshape higher education by canceling most student loan debt and eliminating tuition at every public college.

SOUNDBITE: SEN.

ELIZABETH WARREN, (D-MA) SAYING: "Students have the right to go to college and not be crushed by student loan debt" Furthermore-- Warren-currently a senior senator from Massachusetts- is promising to expand federal grants to help students with non-tuition expenses and create a $50 billion fund to support historically black colleges.

Education has been a topic on the campaign trail for several of Warren's rivals as well who have proposed similar measures, like expanding access to federal grants SOUNDBITE: BERNIE SANDERS, DEMOCRATIC CANDIDATE FOR 2020 SAYING: "When you invest in kids and make sure they have jobs and education, they're much less likely to end up in the criminal justice system." As for paying for her plan?

Warren says it would be financed through a proposed tax hike for America's most wealthy families and corporations, which the campaign estimates would bring in $2.75 trillion over 10 years.

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