Since Sen. Elizabeth Warren, a Massachusetts Democrat, announced her plan last month to wipe away the student loans of millions of Americans as part of her presidential campaign, there’s been debate in the policy community about whether it’s a good idea.Nearly two-thirds of registered voters polled by news site, The Hill, and market research company, Harris-X, said they would support a plan to make public colleges tuition-free and cancel most existing student loans.
The results come amid debate over Warren’s plan. That discussion has included both criticism from experts concerned that wiping away some borrowers’ student debt may not be the best way to address our nation’s $1.5 trillion student-loan problem and complaints online and in the media that the plan would be unfair to borrowers who already paid off their loans.
Their main concern is that the plan would provide a bigger benefit — as measured in dollars — to borrowers earning roughly between $68,000 and $111,000. That’s because these borrowers are more likely to have higher student-debt loads than borrowers who are earning less. Supporters of Warren’s plan say this debt-financed system is changing the way graduates live their lives, which could put the economy at risk.
Nonetheless, the data suggests that even those who aren’t personally burdened by student loans are concerned about it. More than half of the respondents to the Politico poll said student debt is a “major problem” for the country and about 30% of respondents said the issue is a “critical threat” to the economy. The Business Insider poll found that 57% of Americans who already paid off their loans support Warren’s plan.
Nobody is paying off my credit card debt---is there any difference with student debt ---you work like me to pay off debts
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Here's who would benefit from Sen. Elizabeth Warren's proposal to cancel student debtNearly all student loan borrowers would see some of their debt canceled under Elizabeth Warren's new proposal. Here's who would benefit most. Ok Can we cancel Elizabeth Warren? And for the parents who scrimped, saved, skipped vacations, worked 2 jobs to save for their kids’ educations...nothing?
Source: CNBC - 🏆 12. / 72 Read more »
The Six Biggest Questions About Elizabeth Warren's Plan To Cancel Student DebtThe answers to these questions may determine who gets their student loans forgiven, and who gets left out. Funny because she lied to get a high paying job at a pretty prestigious university - eliminating people like her from the mix would lower tuition how old is from the woman who lied and cheated her whole life to be in the position she's in. Fraud Indian We the people need to cancel her!
Source: Forbes - 🏆 394. / 53 Read more »
Elizabeth Warren: Let's Cancel Student Loan Debt And Make College FreeElizabeth Warren proposes a transformational plan for student loan forgiveness and free college. 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” I want to be a billionaire. I have the same chance of becoming a billionaire as she does of becoming president. NOT GONNA HAPPEN.
Source: Forbes - 🏆 394. / 53 Read more »
Elizabeth Warren's student debt plan reopens fight on how to deal with the college crisisElizabeth Warren's plan to cancel most student debt and make tuition free at public colleges is reopening a fight about the fairest way to make college more affordable Yes Elizabeth! Why are we the only country that can't get with the program. Nice job ewarren 👏💪 Thank you 🌹❤️
Source: CNN - 🏆 4. / 95 Read more »
Warren has a calculator for her student debt forgiveness planSen. Elizabeth Warren is promoting an online calculator that shows voters just how much -- exactly -- they'd benefit from her proposal to cancel outstanding student loans Is it 1/1024 Indian ? Riiiight🙄... because little miss Native American has proven to be so trustworthy and honest. You gullible moronic Dems deserve to be duped. This woman is at true candidate for the office of President of United States of America. Unlike others who want even give you a straight answer.
Source: CNN - 🏆 4. / 95 Read more »
Elizabeth Warren's student loan debt calculator tells you how much of your debt could be canceled if she's president'Give it a try & tell us how much of your student loan debt will be cancelled,' the senator tweeted. Pay your own debt. You borrowed it. You promised to repay. Plenty of responsible people make tough financial decisions so they can pay their loans back. PLEASE STOP trying to buy votes!🙄These candidates sound like they're running for president of the senior class of a high school. A loy of wampum!!!!
Source: Newsweek - 🏆 468. / 52 Read more »
Canceling student debt: The costs and benefits of a 2020 planThe U.S. has roughly $1.57 trillion in student debt. Some Democrats want to make that, or at least a large portion of it, disappear. The idea of canceling student debt has been gaining steam with 2020 candidates vying for the votes of young college-educated Americans. But what would it actually take to erase a big chunk of government-held student debt, and is it really a good idea? Watch the video to hear what experts and students think about plans to forgive student debt. what about people who just paid off their debt but have no money because of that? Will they get help? This is just the principal balance. Would you like to know the total dollars paid after interest expense? WayMoreThan2Trillion That’s all those basket weaving majors who found out after getting their “degree”, there’s really no career in that particular field.
Source: CNBC - 🏆 12. / 72 Read more »
Elizabeth Warren's plan to forgive student-loan debt is costly, but it could actually pour money into the US economyA study published in 2018 examined what would happen if the United States forgave student-loan debt. Yeah the Government can transfer private debt into public debt. Sounds great.. I keep saying this. Forgiving student loan debt is costly initially but great for the economy. Student loan debt is giving money to the top 1% & handcuffing entire generations of educated Americans. I say forgive student loan debt to those who make 475k annually. SenWarren Lol nice try
Source: BusinessInsider - 🏆 729. / 51 Read more »
2020 candidates Warren, Messam address student debt cancellationThe two candidates have made tackling student debt through loan cancellation a major part of their platforms. MABA Be bestest. Dude does have a normal face.
Source: ABC - 🏆 471. / 51 Read more »
Elizabeth Warren Proposes Sweeping $1.25 Trillion College Affordability PlanDemocratic presidential candidate Elizabeth Warren wants to wipe out student debt for the majority of Americans and make tuition free for undergraduates at all public two- and four-year colleges in the U.S. So Forbes actually believes this, is what you're saying. Students make here the new president of the United States of America 🇺🇸 abolish tax dollars from being used to pay for college and it will be become affordable. meanwhile, send 75% of all professors on permanent sabbatical to any communist country
Source: Forbes - 🏆 394. / 53 Read more »