Warren's plan to wipe out student debt (and how she'd pay for it)

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Sen. Warren has unveiled a new plan that would offer free public college for future students while cancelling up to $50,000 in student debt for over 40 million Americans.

for either free public college, a signature part of Senator Bernie Sanders', I-Vt., platform, or debt-free college as well as various proposals to refinance student debt and lower interest rates.limiting the amount of loans students can be taken out while offering a new income-based repayment option.Households making under $100,000 could cancel up to $50,000 of student loan debt.

In an accompanying analysis, her campaign estimated that 95 percent of Americans with student loan debt would qualify for relief under her plan and more than 75 percent would wipe their debt out entirely. Moving forward, Warren's plan would eliminate tuition and fees at two-year and four-year public colleges and redirect student loan benefits to cover additional costs incurred by students.

The campaign estimated the total cost at $1.25 trillion over 10 years, $640 billion of which would come from its student loan plan. Warren said she would pay for it using herThe campaign unveiled its plan accompanied by a statement of support from Randi Weingarten, president of the American Federation of Teachers, who called it"as consequential as the GI Bill."

 

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More lies to get your vote Trump 2020🇺🇸

Fake American

Two Trillion Dollars

what an abomination....you are trying to bankrupt our country....

So raised taxes?

Sorry E. Warren there no free college someone will had pay for it!

Actually, what is needed is a radical change in the nature of HIGH SCHOOL. Less academics, more vocational education and training. We no longer have the luxury of 4 years of daycare for teenagers. They need to be ready for the workforce as soon as they get out of high school.

SENATOR WHAT ABOUT THE THOUSANDS OF VETERANS HOMELESS BECAUSE OF FRAUD AT THE VA NOT GETTING THEIR BENEFIT CHECKS WHY DON'T YOU PAY THEM FIRST. SORRY SENATOR YOU ARE BOTH A LIAR AND CHEAT. THOUSANDS HOMELESS FRAUD AT VA. NO 1ST OR 2ND AMENDMENT RIGHTS AT VA PROPERTY CROOKS IN DC

Faux-cohantas is offering to buy votes? Shocker. I'll back it on the condition it doesn't help people with Social Science or Art degrees.

Money would be much better spent on educating our young people than a nonsensical wall

Nothing is free, someone always pays

I guess Senator Warren is just to open and logical to garner much support.

What about the hundreds of thousands of students or even parents, who worked at times two jobs, in order to pay off their student loans? Is she proposing a refund to those taxpayers as well?

I assume this will take effect after SSI and Medicare are fully funded.

Nothing is free, Pocahontas!

Please go away

Why do democrats feel like they have to give away money that will be eventually paid back by taxpayers in the middle class? It's never their money, always screwing the middle class voters. THANK YOU POCAHONTAS.

Make the red dot pay for everything in America

free free free

Anything to get the public to elect dems. What do Americans worry about? Ohhhh, college, debt...let's run on that. Free stuff everyone, we will take care of everything. Us dems have done an amazing job so far!! Trust us! Ha!! Silly people.

Students do not need to incur debt to attend college. Go to a community college for 2 years, then transfer to a 4 year college, live at home and take fewer hours so you can have a job. It may take a student 5-6 years to complete a degree but no debt at the end.

For a vote, can you promise to pay back my $100,000 education.... I have already payed it back. I feel I am right to ask❓Actually I’ve tweeted Liz at least 6 times, with no response........I really need the $$$$‼️

She’s a nut case.

I'm in Mass. and I love Warren. Could she crush Trump in an election? Donno, but I'd vote for her. She's far more progressive than Biden

All BS and Warren knows she is Lying.

Dumbest tweet of the day.

“Free”. That comes with lots of costs.

Nothing is ever free when coming from a political candidate. You will pay for it eventually somehow, somewhere. Warren is just trying to be relevant to millennials.

It is really a corporate wealthfare giveaway. If you look carefully at most Democrat ideas, while they appear to be help the little people , in fact, they are only interested in unions and various corporations beneficial to democratic interest groups. That’s her proposal.

At least someone's thinking.

How about a tax credit to all for college tuition. Those who paid their loans would not be left behind then

Yaron Brook Show: 'Student Debt--How We Got Here and Why Now?' YouTube chairman of the board of Ayn Rand Institute. yaronbrook

Just bought a $90,000 $union labor made Chevrolet Suburban, can poca cancel my payments?

This is the new campaign strategy for democrats who says they will give away the most free shit for votes... you are being bamboozled ...

Wouldn’t it be mo bettah to go back to WPA and CCC dayz? We’d get infrastructure projects and conservation projects (ie prescribed burns prevent forest fires; repair bridges and roads); work the loans off.

wonder if she can pay my house off too, after all I dont want college but 50K can always help in other ways

No not how she would pay for it, how us tax payers would be stuck again with another Demoncratic give away program. Whatever happened to hard work and the American Dream!?!

How does our economy sustain this ?why should seniors or couples with no children have to contribute

Free, Free, Free should be Warren ‘s name. I was always taught nothing in life is truthfully free. Warren would love communism socialism.

Free doesn’t always = good. This whole free college idea will backfire and will not harbor the results that a lot of people think it will.

Its not free if you have to rob someone else to pay for it

We need serious people running for the highest office in our land, please tell her nobody is buying what she is selling cause there isn’t enough money printed yet to cover her dream

SO Ms Warren..Gonna use US tax $$$..Well, you gonna pay students debt up to $50k then let's pay each individual's (especially 55 & over) debt up to $25k..most students are young & have long time pay off their debt for that big business 'education'..Hope they learned something..!!

Student debt is problem of parents and student. Government has no business with loaning money. Can't buy house with crappy financing. College is not worth the money. Did it and got more experience in VOCATIONAL training and hired 6 months early of a 2 year course,

🙌🏼

Hahahaha

Lay off that crack pipe SenWarren aka Pocahontas

Y'all don't sleep on Elizabeth Warren right now cause she just put about $250,000 back into my pocket offering free college for MY kids and canceling my student loans. Now that's change I can believe in. Girlfriend get my vote, TWICE!

America could offer a two year online degree at a very small comparative cost. Video lectures, pdf textbooks, grading and testing centers could all be provided for FREE to all US citizens. Available to all at all times & all places. All this at 1% of the cost being proposed.

And administration costs?

One more reason to vote for realDonaldTrump.

Yay free Socialist indoctrination. Jut what everyone wants. If the Government is paying the bill schools will teach what the Government tells them to teach. Yay how ca that possibly be bad yay Elisabeth you are so smart and did i mention predictable.

Sounds very regressive.

And those who’ve already paid? I see reparations in the future. Hahahahahahaha. Dumb

How is it FREE. It takes working ppl money to pay for it when we PAY TAXES!!!! So it’s not FREE!!!!!!!!!! How dumb are people

Pipe Dreams by Pocahontas !!!

Thank god she has zero chance of being President

A want a free f*cking house....and a car. Netflix membership too. Water is a right, why am I paying a water bill every month?

I need her to send me a check for law school, which I already paid for.

Can I get reimbursed for $50,000 in tuition that I paid off?

why isn’t she unveiling that plan right now and present it to congress? The last time I checked she’s still a Senator from Massachusetts. Like Trump alway say it’s all talk.

Hiw about free beer and weed? Why should the rich get the best brews and pot? And free cars too? And free car insurance? And free Teddy Bears? And free I-Phones, free puppies and free Starbucks? Why can't everyone be a FakeIndian and get a $400,000 gig to teach one class?

Has she unveiled the plan that will make her win the democrat primary after fumbling before she even announced?

40 million times 50 thousand is 2,000 billion ......... where is that money going to come from ?

They can't win with trump

In theory, I love the idea. But how does the senator propose to pay for this without jacking up the debt?

These policies r y I think she’s better in Congress. Where she can help fight n away minds

And you are paying for it

There is nothing free in America Senator Warren. And by the way, in order for that to happen both Houses have to pass that into law.

So her last ditch effort to be relevant then.

Ya that’ll pass Congress too 🙄

Don't care what this does to the economy. If it gets rid of my student loans, I'm sold.

Who's paying for this?! 🤔

We NEED to do this. The naysayers are out of touch with how bad it is.

Democrats always trying to buy votes.

Everything is expensive

So Democrats are starting a GoFundMe to pay for everyone's college?

Again it’s not free.

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