By Catherine Rampell Catherine Rampell Columnist covering economics, public policy, politics and culture Email Bio Follow Columnist April 25 Sen. Elizabeth Warren might want to work on making her free-college-and-debt-forgiveness plan more progressive.
Some elements in Warren’s plan are well-targeted to help the neediest and most marginal students enroll in postsecondary education, persist through graduation and succeed in the workplace. These include calls to expand Pell Grants, cover more non-tuition expenses and increase funding for historically black colleges and universities.
Take the free tuition proposal. This would be a big giveaway to high-income families who plan to send their kids to college anyway and don’t need to be comped. Free college means it’s free for Bill Gates’s kids, too, after all. It’s no wonder, then, that the biggest beneficiaries of Warren’s debt-forgiveness plan would be upper-income households, according to an analysis by Brookings Institution scholar Adam Looney. He finds that low-income borrowers would save $569 in annual payments under the proposal, compared with $2,653 for those in the 80th to 90th percentiles.
“It’s a redistribution from the richest 1 percent to the bottom 95 percent. The overall flow of money here is extremely progressive,” a senior campaign aide told me.
Won't be happy till she taxes everyone to death .. she's coming for all of it
Pipe dream folks, never going to happen...
Most of us read and pay attention to our candidates when they talk. So nice try but no, your article is painfully wrong.
Instead of “pie in the sky” free college, let’s work on finding ways to make higher education affordable and accessible to all qualified students without a huge burden of debt at the end...the current system is just another money making scheme for financial institutions.
We have vets who can’t afford insulin and she wants to forgive low interest loans to those making the most money and who have the brightest future
You got that right! It`s socialistisk!
She was a republican not a progressive.
It’s fiscally dumb
How about totally insane.
Opinion: You should stop attacking the DNCs only chance at winning in 2020. Doc is a much better choice than Sleepy and Gropey.
Who cares how you want to label it. It’s stupid and it’s not going to happen.
Offering a 2% one time loan for a purchase of a house is common sense or acknowledge that a wall street company gives up their 'private' when they get public funds. Wouldn't trade Trump for anyone but the chamber who doesnt care about our innocent like Katie needs power reduced.
College in California used to be almost free until Ronald Reagan decided otherwise.
Its nice to promise free stuff but who's paying for it...i cant afford your free gifts
Here's a progressive way of thinking MAKE the collages pay for the student loans debit, They profited from selling our youth into slavery of student debit in fact the aided and abetted the entire process. They acted as loan sharks.
does anyone know how much extra ms. warren would pay in taxes?.....my guess....nothing...
Says the fact free Washington Post
It’s just stupid & an attempt to attract losers to vote for her.
Lots of families scrimp and save and sacrifice for college. Others use community colleges to lower costs or take on extra work. Students knew what they were agreeing to. We aren’t in a recession where we need to defer payments due to unemployment
Nothing in life is free. Tax payers will be paying for everyone’s college.
Do people really think it’s going to get wiped clean free of charge We’re going to have to pay for people’s choice to take out those loans with our tax dollars. I don’t know about you but I don’t really want to pay for people that didn’t do what what they were supposed to do
Shit we need this Foreal
Sure. Attack Dems but keep Don Capone in office. realDonaldTrump WhiteHouse
What it is is stupid.
Sound good, like must Socialism! Questions, money? Where is their skin in the game, Personal Responsibility? I forgot this is the Magic World Socialism!
SenWarren who is going to pay for free college? I, as a taxpayer refuse to do so. This is the reason I am for small government- people know better how to spend money, not you. You are good (and inefficient) at spending other people’s money.
It's also bribery, the democrats will promise to give reparations, free college, free healthcare just to buy votes, it's very obvious. Warren should have retired after creating the CFPB, while she was on top.
Also stupid.
The quality of the education concerns me. That's why I support increased grants with students able to select college of their choice.
I love EW
Start with relieving those with older college debt and work the way down to the younger generation = more fiscally responsible.
Warren must be looking for another overpaid teaching gig at Harvard Law when she loses.
one thing warren and others dont seem able to understand...NOTHING in this world is free...SOMEBODY pays...and it has been my experience, that the payer is always the law abiding, job holding, middle class sucker, who gets stuck with the bill for everything...no thanks ms. warren
It's the lefts way of indoctrinating kids, so when they leave school they are ready to hate America, hate freedom, and conform to socialism.
It is theft
These daydreams and un-realistic exaggerations will only lead to Dems failure!! Just wait and see!!
Damn, The WaPo propaganda machine is working overtime.
Since claiming to be indian Warren thinks everyone should have a free college education like she was able to lie and get
NOR is it practical. I and many others don't WANT to pay more taxes to pay for other's debts, which they willingly, knowingly took on themselves then cry for having done so. NO. Socialism, sharing my hard work to give it to you? NO.
Is she going to cancel debt of those who have degrees from evangelical Christian schools that are opposed to her values?
That means there will be no need for an academic level to gain acceptance - Perfect - No Grade system will be needed
This is verbal diarrhea.
It just sucks.
Why do you get to decide that?
You mean socialism?
crampell What was Obama’s BankBailout
And in other news, the captain of the Titanic has announced an open bar and free buffet and carving stations now that the stern is visible above the water. MaybeLetsFocusOnNotBeingHomeless Yang2020 BagSecurity
And in other news, the captain of the Titanic has announced an open bar and free buffet and carving stations now that the stern is visible above the water. MaybeLetsFocusOnNotBeingHomeless Yang2020
It’s an out and out money grab
It's insane and would cost $2T, almost half our entire annual federal budget. I.e. 50% tax increase just to pay for it. 🤦♂️🤦♂️
Means tested programs are not, in fact, more 'progressive' but are practically definitionally 'liberal'. The function of free college isn't merely to flatten the wealth gap but to rein in costs that have been running past inflation for decades
Why is there never specifics as to “how this will be acclompshied”
this is a very smart article! It also shows that Elisabeth hasn't thought out her tuition free plan in details+ consequences and just recites popular slogans..
The country isn't getting free education or loan forgiveness. It's not going to happen. The government would rather spend money on tax breaks for corporations than to help its citizens. It'll always be that way, unfortunately.
As usual, Dems can NEVER FIGURE OUT WHAT THE PROBLEM REALLY IS! The HIGH COST of education is the problem, not trying to bankrupt America to pay out of the ballpark costs for all students. Same w/HealthCare. Professors & HealthCare workers aren’t getting all that money! WHO IS?
I think She need ADN experiments Be Scientists now PressSec nypost thanks
The plan to have those with excesses help provide the means for society to educate its workforce so the country can improve its ability to design and innovate is a stark difference from realDonaldTrump's plan to keep the country ignorant and the rich richer.
The Baltimore Mayor Pugh news blackout continues. ....because she’s a democrat
Right, It’s fucking dumb. By the way, when she was at Harvard, she was holding down roughly $500,000 annually. She was literally part of the problem with the cost of education. These people don’t deserve your vote.
Don't forget, tech is recruiting outside the country right now. These are american jobs. Educate our young for these jobs w/o turning them into indentured servants.
This is ridiculous. True progressive social welfare programs like social security and Medicare cast a broad safety net let everyone benefit and participate all for one and one for all
It’s not going to happen.
Throwing shade at the woman. Wish I could say I was shocked.
Nor is it realistic
Why do we label everything? How about this is just a good idea. It's a win/win. Business gets a larger pool of educated workers & high schhol kids get a reason to stay in school & graduate. This could really change the game for inner city families.
This headline..is stupid. College costs are out of control and the level of student debt is insane. It’s an anchor that is weighing down the economy and millions of hard working Americans. Debt forgiveness is essential. If we can give the rich tax cuts, we can erase the debt.
Its always more important to worry about the ideological foundation of a proposal, rather than its efficacy as a policy.
What dip shit wrote this article.. ?
POtato poTAHto. Stop this right now.
I hope she includes trade schools in her plans. Not everyone is bound for college, and if we want to bring manufacturing back to the US we need Skilled Trades people. Welders, Electricians, CNC Operators, etc.
Headline makes more sense when you read the article. It makes a decent point. That said, don't let perfect be the enemy of good: her plan remains the best out there right now by a country mile.
We already have free college in the USA. It is called the GI Bill.
Mornin' Guys! 😁
Warren is progressive. You are liberal.
Counterpoint: you have any better ideas?
It’s a good policy, that’s all I care about.
Just call it what it is: idiotic.
Warren = Stupid Progressive
STOP using these words 'liberal' 'progressive' to mean contradictory things they don't mean AOC harrisonjaime amyklobuchar ewarren
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