Politician Rolls Out Possible Student Loan Cancellation Plan
April 22, 2019 10:45AM EDT
Sen. Elizabeth Warren is promising to deal with America’s student loan debt crisis if elected President.
On Monday, the Massachusetts Senator rolled out a “broad cancellation plan” that would forgive up to $50,000 in student loan debt for households earning less than $250,000 per year.
The plan would cost $640 billion in federal money, but Warren says it would create an economic ‘stimulus’. The hope being that the stimulus would offset the costs in the long run.
Do you think Warren’s plan is feasible? Has student loan debt gotten out of hand?
Will the cost of higher education be a factor in the 2020 election?