for student loan debt forgiveness would:Provide substantial debt cancellation for every person with household income between $100,000 and $250,000.Also make private student loan debt eligible for cancellation.
Streamline the student loan debt forgiveness process using data and income information already available to the federal government. Importantly, Warren's plan offers no student loan debt cancellation to borrowers with a household income above $250,000, which she says is the Top 5% of earners. There would also be"phase-outs" based on income. The $50,000 cancellation amount would phase out by $1 for every $3 in income above $100,000.
This is the kind of big, structural change we need to make sure our kids have opportunity in this country."How would Warren pay for this student loan forgiveness plan and universal free college plan?Warren's Ultra-Millionaire Tax would include a 2% annual tax on the 75,000 families in the U.S. who have at least $50 million in net worth.
Warren also wants to invest an additional $100 billion in Pell Grants over the next 10 years and expand eligibility for Pell Grants to include more lower- and middle-income students.Some of the 2020 presidential candidates have weighed in on the future of higher education, how to manage growing student loan debt, and how to
This is very interesting,will it reach Africa particularly Tanzania?
UC used to be free. The argument against free college parallels the arguments against the generous benefits of unionized public employees. Now that all areas have been devastated, why should you have what people used to have?
Goodbye , get some sleep . Lay off the beer .
Of course Pocahontas does but with whose money? Just like free healthcare for everyone except it isnt free as my $2,700 monthly healthcare premium proves. “The great Democrat Giveaway.. we are giving away American Taxpayer Money.”
With whose money? If it’s only her cash we are all for it.
Imagine a business magazine supporting this idiotic idea. You'd think they'd be worried about losing credibility.
Then she better use her personal wealth and not promise yet MORE taxpayer money.
There's no way. I am a graduate student and work at my old CUNY school. Budget cuts are still happening and people are disappearing every month because of the digital age, lack of funding and much more. There's also the issue of people who have paid their loans, merit values etc.
Snowflakes complaining there in slavery because the price of their avocado toast goes up.
Nice clickbait forbes. Thought you might have a handle on disastrous financial ideas 🙄
janetnovack 'free'.. hoax
Only if professors and administrators take a massive pay cut.
And who is paying for it?
Moronic, the father we drop in the polls, more free stuff appears.
Please state the whole idea in the headline - she wants to cancel your student debt by having the taxpayers shoulder a $640 billion bail out on behalf of people who voluntarily took out loans.
Trump 2020 :)
You meant to say Elizabeth Warren wants to steal money from hard working Americans to buy votes of deadbeats.
Take over $1 trillion out of the economy, give it over to people with minimal income-generating capacity, what could go wrong?
And I want to win the lottery.
She is a complete joke
A complete abdication of personal responsibility. An absurd and ridiculous proposal. Why isn’t anyone holding the colleges and universities responsible for their part in this whole mess? Put more focus on trade schools.
Horrible idea What about all those people who took responsibilities and paid back or are aggressively paying back their loans by being sensible with their money, they in essence are being cheated
Nothing is free. The money for professors has to come from somewhere.
Get outta here with that. Building a dependent nation, but dependent on who? ElizabethWarren
Gotta buy votes somehow. Pocahontas
SenWarren , I don't want to be stuck with someones student loan debt via taxed to the point that I cant breath, just because you didn't teach your child/grandchild to be financially responsible. I paid mine, my daughter paid hers and my grandson is STILL paying on his.
How about getting rid of school and property taxes in Pa.
Ya sure. I worked my a$$ off to pay my own student loans. Now she wants to take my money to pay others? No thanks! Maybe she can ask Harvard to touch its 50B endowment!!! Kids need to make smarter choices.
Wait what, has she got no idea about economics. Someone has to pay the loan companies that issue these loans or all your doing is putting people out of work. They will default and go into receivership. A completely unworkable plan. She isn't going to pay, they public are.
How about canceling my mortgage loan debt? I will be so debt free.
She should start with cutting her $429,000 Harvard salary down to $50,000
I want to be a billionaire. I have the same chance of becoming a billionaire as she does of becoming president. NOT GONNA HAPPEN.
Good, let young people with degrees who make alot of money walk free from their responsibility.
I'm fine with the debt but where is the money to fund colleges going to come from?
“Just pay 4 times as much as you do rn in taxes. No big deal”
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