What would happen if the US canceled $1 trillion of student debt

— the U.S. government holds more than 90 percent of it. 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. On April 23, Sen. Elizabeth Warren, D-Mass. was the first 2020 presidential candidate toBut what would it actually take to eliminate a big chunk of government-held student debt, and is it really a good idea?See more:

the so-called experts on CNBC - US debt exceeded $23 trillion, having increased by $3 trillion (more than 16%) during Trump's 3 yrs of presidential incompetence & fiscal irresponsibility. 14 trillion in household debt alone should sound an alarm to clueless CNBC? DO YOUR JOB!!!

Americans never raise questions on why military budget raised so much but tô erase student debt os always an issue.Funny.

Simple economics. 1. Stop the government from profiting off the backs of working families trying to pay for education. Students should not be paying more interest than banks. 2. Pump the cash back into the economy. 3. Make it more affordable to get an education.

How about students spending their money more wisely and paying their debt off?

Teach lesson never forget dose own MeD responsiblity controls 'product' win-win

Tell the colleges who price the classes and books and pay their professors six figures while classes are being taught by adjuncts.

College is for those who can afford to pay their students loans up front . Free college is not the answer either , 'where's the being held accountable' come in ?.

Nooooo Pay it like the rest of us did.. Lazy people..

ewarren needs to stfu and stop with her Socialists agenda. She's just another female Hitler. Next she'll want our guns. We don't need to repeat history.

The government would go another trillion into debt, they issue the loans. The real question is who will buy the government bonds?

Notice we never got these headlines when we bailed out banks for 2 decades.

Colleges would raise their prices

So let me figure this out I sent hundreds of thousands to get my two educated and now you're going to give, get out of jail free? I have to pay for somelse mistakes.

I think you told this to an Iowan this week about doing the right thing about saving for tuition. Just saying.

Absolutely STUPID idea!

The cost of tuition will shoot up since it won’t matter what the cost is. Then Democrats will suggest taking over college education like the idiots that they are volunteering to fix problems they created.

Why does CNBC keep pushing something that will never happen? This is CNBC trying to stir up the base.

Of course interest rates are high on student loans. Theyre riskier!

Here's ONE thing that would happen: there would be a dramatic reduction in the divorce rate. A doctor and lawyer graduate w/ $200k and $150k in student debt respectively which puts financial pressure on families. Financial issues is the leading cause of divorce.

Personally I will sue the govt all the way to the Supreme Court for preferential and illegal treatment of individuals since I paid my debt off without anyone’s help - it’s called the right thing to do but that does not register with the people she is buying votes from.

You are aware of BERNIE SANDERS plan to cancel 100% of student debt right? And if so why the fuck is Warren your poster gal for this

U.S. should give more loans specially to African people so that that they can be re-established...

Rather her fix SS

The (real) economy would recover quickly while criminal Bankers who advise CNBC would be very unhappy.

OMG! I got a mortgage and never got assistance because I didn't take out a loan I wouldn't be able to afford. No one reduced my mortgage 10 years ago. I got student loans. Worked hard. Cheap rent. Did without vacations and a lot! Paid them back. Unfair to even suggest ths

If that happens, I am not going to pax my taxes anymore. Maybe the next presidential candidate will campaign on wiping off tax debts.

While Lizbeth may be right I don’t think she understands how much her plan bothers most Americans.

Nothing would happen

What would happen? Millions of Americans would live happier. The system is designed to get you in debt at 17. However, does not provide a single course to prepare you for a lifetime trap.

Impossible, CNN reporters. I know you have a student loan but it’s your problem. You need to face the consequence of your own decision. If your debt is cancelled, how about all medical bill, mortgage, car loan,corporate debts?

Delay start time for repayment, deduct from wages like payroll tax so only paid when employed, reduce interest rate. Oh and do something about cost of education!!

support and all students Will be free since then on ewarren

ewarren is a fraud and doesn’t know shit about economics

Every person who has painfully budgeted to payback their student loans will demand their money back...

There will be no student loans in the future and poor family won’t be able to fund their kinds’ college educations anymore.

Maybe Warren should focus on the cost of higher education.

No one forced these students to take out the loans. What about those who worked their way through college? You don't reward irresponsible behavior.

Terrible, terrible idea. What about all of the people that decided not to go to college because it was too expensive. Now they have to subsidize someone else's debts? How about the people that have already paid off their loans? 'Canceling' student debt is immoral.

Horrible idea!!!!

It's not just people being lazy and not paying anything. It's a racket.

We’d have $1 Trillion less for war with Iran

What if CNBC kept posting the same story?

Higher taxes for those with advanced education paid for by the state? That seems fair, right?

Stop taking advantage of the students! Greedy, terrible lenders! These greedy organizations are killing our young people!

The loan companies' books will need some reconciliation.

where my money at warren? I'm let my father collect the money for me.

Those of us who have already paid off our loans will demand refunds!!!

Nothing. Do it now.

Bankruptcy for America

People can pay off their debt it's insane to use money to do this when we have a climate crisis

Who knows? Until it happens, it's all speculation

It would sure piss off all the others that PAID their loans off.

We have general education locked the hellaway from lowrollers, but, specialized education we gonna give away to highrollers (who afforded to pick by wants)! If you buy Ikea furniture you most likely find instructions in the box!

What about all the ones who paid off their student debt? What do we get CNBC ? If she is behind in the polls please cover Biden more than the whack nut.

If would be a systemic deflationary event. The need to role it at FED funds rate and extend all to 30yr. Interest only payment for hardship. Then revamp robbery system.

Let her put her $ where her mouth is. I understand she’s worth millions, put half of that into a fund to help payoff student loans whether you win nomination or not. Commit your salary as long as your in office to the same. Take no salary like President does.

Stupid idea! Just Wrong!!!!

But student debt isn't being cancelled. The debt is just being transferred to others.

What about the responsible people who paid off their loans? Are you going to pay them back?

Why not just refinance the loans, such that the individual who took out the loans is still on the hook for the principal of the loan + a lower interest rate? Too many people worked through college or went to lower ranked schools with scholarships for this to be fair.

Beginning of insolvency.

No one cancelled my debt.... oh wait, i no longer have any. No one deserves the debt to just be cancelled....

I believe, since the treasury has already given the money to the students or stated they will repay banks, and it is on the govt's books to be repaid, once it would be forgiven, add 1 trillion dollars to our national debt since the money is not going to be repaid.

In any scenario it is calls buying votes with taxpayer money - but the Leftist have no policies other than taxing and giving it to the lazy - called buying votes

That Trillion in debt is an asset for someone else. Someone will pay

Fairytale economics shouldn’t be the way of the 21st century. Forgiving $1.1 trillion of student loan debt pretty would bankrupt this country

We'd be $1T further in debt

That’s what’s called unconstitutional, you cannot void contracts

Folks with student loans should NOT apply and agree to income-based payments. Why? The unpaid balance each year is recapitalized, ballooning the debt over time. Person I know: student loan went from $15,000 to $50,000 because she became disabled. State loan, refuses to forgive.

Why is everything a video nowadays. Just write the damn article so we can read it. So much easier.

Very interesting and very dynamic inputs to consider when designing the actual, technical, legally binding outcome!

It will be so unfair to all the hardworking people who may have sacrificed time and health to pay off the debt.

1 - the US will go add $1 trillion in national debt.

What would happen if they forgave my mortgage?

What about individuals that graduated from college with a military service commitment and were killed in action or discharged with a service related injury or illness? How do you cancel their student debt?

Don’t start celebrating. The IRS treats canceled debt as taxable income.

My kids worked their way through college and kept their debt in line? Anything for them?

Student debt was never an issue until Obama nationalized the program. Government control has allowed students to take on too much debt for degrees that will never allow them to make enough money to repay their loan. Government control = out of control debt!

Lies... but it would be nice lol

How do we cancel the U.S. ? And every other country ?

The economy would soar

I’m a huge moron for paying back my student loans instead of blowing it all on blackjack

Sure cancel all the debt of about 15% of the population! Why not mortgages, credit card debt, auto loans? What a bunch of socialist crap.

Americans who got good degrees in fields that paid well and paid off their debt will now pay 2x the federal income tax to pay off art degrees that added no value to the GDP. Recipe for success. Definitely fair too.

Civil War would probably happen

ewarren can you just cancenn on my debt since it sounds soooo simple

So the rich families get their money back and the tax payer is left holding the bag.

NO WAY. That money can be better used for tax cuts for rich

Anybody find that 2 trillion bucks Rumsfeld LOST right before 9/11?

Venture capitalists would be a trillion dollars richer

You know what will cause college tuition to go down? The government needs to stop backing the loans Literally such morons BernieSanders AOC ewarren

You can’t cancel debt

Lick bait

Airline, hotel , and leisure stocks would 📈

OUR TAXES WOULD RISE! “JUST SAY NO!”~ Nancy Reagan

Need to have the government exit the student loan market to get back to responsible lending.

changing the tax rate is the only fair approach to deal with wealth inequality.

Why should we? When do the responsible people - who didn’t necessarily attend the best college they could, but picked the affordable choice - get a break You cannot keep bailing out irresponsible people or soon that will be our entire population!!!

Only because you can delete credit card debt with bancruptcy.

sounds perfectly socialist...which is also perfectly illogical.

Why don't we cancel all home loan debt as well... May as well give away everything to the middle and upper class, who generally populate the colleges and own the real estate..

Get a job, pay off your debt. Nothing in life is free.

They signed the contract. Stop enabling poor choices. Pay your debt.

We blame drug companies for gouging consumers, why not Universities? We blame banks? 🤔

As long as they take the money away from the universities that received it bid be for that. It would help hold the university accountable to cost

It doesn't cancel the debt...it transfers the debt. Come on, people are not this stupid!!

I am NOT paying someone’s school loans. I know kids that used it to go on vacation, party, clothes, etc. No way!

Interesting portrait of the potential benefits + drawbacks of loan forgiveness. I still think this dcexaminer piece gives an entirely different approach worth reading:

There is no “cancelled” debt. There is only debt that is paid elsewhere, by other people. People just like you...and me. FakeNews

You would have university’s raising tuition prices. This idea is so stupid.

Now do what would happen if you cancelled all $1.5+ trillion of debt... BernieSanders2020

We bailed out wall st. Time for wall st to bail out the American student debt crisis they helped create.

travisakers We need to have an honest conversation about college education and life outcome for the bulk of the people who get it. It's not nearly what it's cracked up to be anymore.

More debt for the taxpayer

You can’t just “cancel” debt. It’s not a celebrity making a heterodox statement. Someone will pay for it. And it ain’t the “Native American” woman in the picture.

Rural kids pay for urban kids’ college, that’s it.

You can’t “cancel” debt... a debt is always paid. Always.

JohnJHarwood likes Liz He has a thing for female Senators

Good lesson

travisakers Hey, cool. Instead of replying to each comment under this individually you can just give them one blanket OK, BOOMER and it fits. Fuck all y’all. They’re preying on people. The system is rigged and they’ve turned a generation into credit slaves.

CNBC is McNews. Fake news. Propaganda. Enginered mind control. Its fast + easy, but will make Ufat and kill U. Deceptions, manipulation, deceit, mind games is the model 4 everything mainstream. News is going grassroots again. Follow who is censored + banned...or go back to sleep

That trillion dollars could be used for roads, bridges, technologies infrastructure etc. Stop buying votes, that should be illegal, oh wait it is.

The US needs to pay off my credit cards too then. I made the choice to rack up debt on them just like students do who take out school loans. I'll throw in my mortgage for the American taxpayers to pay off while I'm at it.

She know young and stupid college students and parents would vote just to get rid of their loans but it a big lie they won't these Democrat will sell their souls to win.

Democrats want to punish productive & responsible people to bail out adults who were smart enough to get into college. Nope

You pay for it with a .5% speculation tax on wall st as BernieSanders has already proposed . This is called trickle up economics. Get used to it.

I worked 2 jobs to pay off my college. Where do I go to get my money back plus interest? How about my home mortgage too? Car loans?

How do you cancel debt Pocahontas?

That is half true. Warren wants to take workers money and pay off irresponsible & inept college educated adults debt that THEY caused.

How about just kiss my ass and then pay off ur own debt.

It’s strange that USA can not waive student debt ( 1 T )but allow tax cuts to its rich people and companies ( 1.5 T)

We would actually reserve the right to get smarter without burden

So 40-50 million people who agreed to take on this debt to pay for their education would want the other 300 million ( who, on average make less $ without that education ) to pay for it. Yea, that makes sense. goodluck

I have an idea for you CNBC. Why don't you do a story breaking down exactly what tuition pays for at college? Is it the faculty/professors , college workers, dorms, books, food allowances? Why don't we get to the root cause for the skyrocketing tuition cost? Just a thought.

No!!!! Just reduce the interest rate to 0%.

Obamanomics LiberalLogic

It means my taxes are going higher

So when Obama fixed the system so college was 'affordable' for everyone, that was a lie also, yes? How does making unlimited amounts of student loans make it so when the colleges use it as a green light to raise tuition? Just like obamacare was 'affordable', right? 2faced

The students fail to realize it is added to our debt and they will ultimately pay for it in higher taxes when they get a job.

Pure pandering to millennials!

How is this debt just canceled? Seriously:/ LiberalLogic

The working class paying for rich kids to go to college and earn more than the ones paying... lol

Cancelling YOUR individual debt that YOU chose to take on, then transferring it to all taxpayers is so Democrat, and so dumb. But pandering to losers, as there are so many, is a proven tactic of Liberals. Debt doesn’t just disappear. Someone always has to pay.

Since politicians think everything is free and the media is pushing their BS maybe it's time that we the taxpayers stop paying taxes. Politicians are simply buying elections now and we are funding it and I am sick of it.

Canceling the debt is only good for the people haven't paid off that debt what about all the young people at work hard went to college and have no debt should their tuition be repaid.

How about I cancel the taxes coming out of my paycheck this year? Yeah. I'll just do that.

yeah. We with money in our pockets would get fucked. Fixed your article for you

I want my refund then for paying my student loans

If any loans need to be looked at for reform (not forgiveness!) It needs to be mortgage lending. Talk about a scheme... By the time you payoff you've paid close to triple the original loan amount. That is mafia lending type shit there!

That may be the dumbest comment I’ve seen in a long time. Do you really believe there’s no consequences to ignoring debt?

Everyone who thinks Warren is on to something with her debt “cancelling” scheme should call their mortgage company and tell them they would like to cancel their debt

1 trillion would be put back into the economy

If we can bail out the banking system we can surely forgive student debt.

Canceling debt? Is there some magical debt canceling wand? Debt transference is what Warren is talking about. People who did not take on the debt will satisfy the debt with their hard earned tax dollars

Nothing is free or cancelled; it’s simply paid by others.

It wouldn't be cancelled. It would add taxes to Americans and we would have to foot the bill. Someone has to pay it and if it's the government then that means the U.S. taxpayer. Enough with this crap already.

Want to learn more about who Elizabeth Warren is? Google TARP and Elizabeth Warren. Then form your own opinion about her. 🥴

I think the colleges are responsible for the student debt they are over paid and don't deliver anything good but indoctrination

So who’s going to refund the money spent by those who dutifully paid off their student loans?

Creditors would be out $1 trillion

You cannot cancel debt but transfer that debt to someone else.

Another trillion in debt

You took the loan, you have to pay it. Simple! If she were to canceled the interests and only ask to pay the principal then she got my support.

Canceling debt doesn’t just disappear...taxpayers, businesses, customers pay it. It’s a transfer transaction.

What about just lowering the interest rate to 1%

Debt cancelled to the borrowers and paid for by the tax 'payers'.

What does 'cancel' mean?

Canceling is a lie. Taxpayers would take on any canceled debt. Please stop lying, it’s why the MSM is considered “fake news”...

The cost to attend college needs to be cut dramatically. It has doubled since the 1980's even after accounting for inflation. College administrators will not do it until attendance drops. All the grants, scholarships and loans keep kids going so attendance has not dropped yet.

Poof right? 🤣

Someone has to pay the bill!! Who will pay the colleges? TAXPAYERS!

It just means that someone who didn’t incur the debt is now paying instead of the person who really owes the money.

I'm from the government and I'm here to help you.

I’m 18 and am not college material. I want to be a plumber. Will the government buy my van and tools?

I already paid for my own college and paid for my kid's college. Now they want me to pay for someone else's kid's college? Uh....no.

It's not 'canceled' it's passed along to others (taxpayers) who didn't incur the debt. Now if you let students 'default' on the debt, there's a solution productive citizens would fully endorse.

They want a livable wage...well with all these new taxes we will get, there will be no livable wage. I already have a huge chunk taken out of my paycheck. I don’t need more taken out for payment of someone’s tuition.

Economy 101 - someone has to pay

From the 'financial experts'

Students going into a large amount of debt for a liberal arts degree that will literally net them no job after graduation is a huge problem. You know who doesn't complain. Students that go to trade schools or an industry specific degree!

Why is this handout just going to irresponsible debtors? AndrewYang's plan would significantly lessen the burden on them while not picking on a subset of people. He also has plans for student loans that would be helpful to them

You don’t cancel debt...you pass it onto the already overburdened taxpayers...I was responsible enough to not carry student debt I shout have to pay off others!

What do you tell the people who paid theirs back?

The middle class will pay for it, just like everything else. Trump has created the best economy in history, if Dems would leave it alone it would pull so many of us up and into better lives. Dems don’t like that ,they want us dependent upon the gov, not independent and free.

Since most student is financed by the federal government, the national debt would go up

Here’s what would happen you would have to give me and everyone else that couldn’t afford to go to college the 75000 dollars that it would cost and then reparations for the job we could have landed (Pocahontas).

Are there any volunteers amongst US banks that will voluntarily take a cut out of their profits and forgive all of the debt? And their billionaires owners shelling 80% of their money? Unless is that, they are planning to stick the tab to you, again, the taxpayers.

Every company that holds the debt would suddenly have no money and would have to close, laying off several thousand (at least) people.

This woman is Slap Crazy and lives in a 🦄 🌎. 🤥 about being Native American and her sons schooling etc. etc. etc.

So we tell an entire generation that they aren’t responsible for making bad decisions. This ain’t it chief.

Can I get a rebate for my 2 children’s education expenses?

There’s no such thing as “cancelling” debt. Debt doesn’t disappear by running a pen across it. “Canceling” debt means taxpayers assume the obligations of delinquent borrowers. Instead of them paying, we pay! Honesty is the first step toward genuine policy discussion

to build your wealth,you will want to invest your money Investing allows you to put your money in vehicles we've got the best vehicle deciding where you should invest your money,you've got plenty of options but we're here for you with best investment plan

give back the student loan debt from the start that has been paid to be equal.

Ppl would be happier, but it would cost them something somewhere down the line, even if it is resentment or jealousy. Nothing in life is free. Ppl who believe they are entitled to a thing will justify it & it could be wrong/judged by the two eyes & a mouth w/an alt agenda.

For one thing it would roll over into the national debt as they would have to borrow to pay it. Second future generations would expect the same thing and wouldn’t pay their loans. If they want the loans paid they need to lower the interest rate from 7% to 1% then it can b aforda

Wow I wonder what would happen if pressure were on colleges to lower student costs. Instead of on taxpayers to assume costs they did not agree to.

Dumb

Pandering 101 / FREEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEE Every thing - why study for class - heck why go - if Government steps in a pays

We should turn on Warren, reject her policies and reject her taxes. We will succeed if we do it as a whole. In her words oh boo hoo, we don’t like you, we don’t like the things you do.

Moral hazard. Yes we all get it. But what I think is hilarious is the income cap. 50k under 100k, sliding down through 250k. So a recent grad gets 100% forgiveness, but someone who’s been progressing their career gets punished. What about new grads? Cancelled in perpetuity?

CNBC can you show us this socialism by making your boss and company pay for that debt? You sure are so gleeful with this concept. So when will you be sending out the 1 trillion to pay off all that debt?

Cancel debts? How? Is this written by an economic illiterate?

It's unnecessary to cancel all of the student debt in America. Be reasonable. How's about just $20k while allowing a low interest rate refinance at perhaps 1% for 25 years. That would help the majority of students with debt and cost a lot less than $1 Trillion.

Bar and drug sales would rocket 😂😂

28 billion for the farmer bailout because of tariffs. Multi million dollar farm welfare. Hypocrites

China owns 5G which control communications, South China Sea(1/3 of WORLD economy passes thru there) also own 1 belt 1 road with direct control to most Asia ports and railways. Many countries no longer peg Dollar in order to do state trades. Sadly ppl don’t see this..

The end result would be a massive subsidy to the loan holders, and increases in college tuition as money would be to easy to obtain. Finally, the market place would devalue a college education and we'd have added 4 more years to high school!

The entire country will collapse inevitably if crazy Dems get elected. Don’t know what ppl are smoking cuz Medicaid for all, free abortion, free college, free transgender surgery, free housing and benefits for illegals, free free free will collapse economy hence the country

What happens when the trump administration gives billions of dollars in tax cuts to the riches Americans and leaves the middle-class holding the bill?

What if the federal government transferred the obligation for exiting student loan debt from the individuals who incurred it to the taxpayers?...There, I fixed it for you...

Exactly how is the debt “cancelled”?

Confiscate university endowments and use that to pay down student debt. Zero tax dollars for this.

Debt does not cancel. Someone always pays it off.

The tax payers would be on the hook for it - it would be just 1 more in a string of many back door taxation w out representation scenarios that tax payers get scammed on

premiummoe

How do you think it’s “cancelled”? WE - the worker bees” will end up being taxed more to pay for it. I already paid for mine, it’s not MY responsibility to pay for someone else’s debts. They need to pull up their boot straps, and take care of their own crap

Heavy heavy fuel

People can get better life

You wanted the education to help you get ahead in life, nothing is free. Put that education to work and pay your way like the rest of us!

The university sector would collapse

Cancelling student debt is almost as absurd as Medicare for all.

I want reparations for ALL the taxes I've paid.

Don't cancel it. The people who took it out, made that decision to do so, knowing how terrible an idea it was. If you're cancelling what people owe on student loans, why stop there? Pay my mortgage. Pay off my credit card, and my equity.

No such thing as cancellation by man...debt is just transferred. Think energy on all levels...duh.

Why should I pay others debt when I spent 15 years of hard work and overtime to pay mine?

YOU made the decision. No-one forced you to get a degree. You chose the college and pricing all by your little self, signed contracts for included. Not I or any other American tax payer made you do it. U and only UR responsible. Get a good paying jobthe economy is booming

PLEASE STOP LYING! PLEASE STOP USING INACCURATE WORDING! There is no such thing as canceling student loan debt. Like you wave a magic wand & poof it’s vanished. American taxpayers would pick up the cost. Nothing in life is FREE! Start pushing that truth instead.

Communist/socialist Pigs

The debt does not go away you stick hard working people who did not chose moronic degrees like social justice warriors and are making a living for their families with the bill by taxing them more for other people’s debts

Let the Wealthy University endowments reimburse the people they bilked.

Does anyone at CNBC know how to read? Has all logic flown out the window when it comes to them writing an article

If we aren’t going to cancel government backed student loan program it will just happen again. The universities charge too much. As long as taxpayers are backing student loans college costs will not decrease. Kids will continue to make bad choices and be taken advantage of.

It's easy for Democrats to say Cancel this and Cancel that. these ignorant, very ignorant Politicians just flat out lie, Somebody pays for it the Taxpayers, I shouldn't have to pay for any other Parents kid to go to college, they took on that NOT ME

What a joke. The sad part is that there are cretins out there who would actually vote for this fake Indian fraud.

Students would continue to rack up debt by the trillions? No problem solved. Interest paid on the debt. There are practical issues to be considered. How about the government get out of the business of student loans. That would be a start.

she will promise you anything to win the election.. ANYTHING!

Why the hell should I have to pay for Jimmy and Jenny's failed college experiences when they wash out before reaching payback?

Make universities co-sign the loans and you'll see a dramatic reduction in loan amounts, the cost of going to college and students racking up debt for useless degrees.

Would you guys please stop pretending you're a business channel? Else you'd be able to properly tweet that the US would stick it to the creditors and let the idiot deadbeat parents and students laugh all the way to the bank.

I canceled

Reimburse me for what I paid back!!!!!

Who pays back the money on the cancelled debts?

You don't 'cancel' $1T in debt. You shift the debt from the deadbeats who took on the debt and haven't paid it to taxpayers who didn't incur the debt. DON'T TAKE ON DEBT YOU CAN'T AFFORD ESPECIALLY FOR USELESS DEGREES.

If we are going to forgive this and/or other debt.. let me know so I can go a-shoppin’!!

It would trigger a world-wide depression as holders of US bonds would dump them en-masse, concerned that we would decide to not repay them, either.

The US tax payers would eat it

We should cancel credit card and mortgage debt too. Why have responsibilities Everything for free...

Can we “cancel” CNBC’s “reporting”? 🤷🏻‍♂️

You can’t “cancel” it CNBC. Do you think it just vanishes? 🤨 🇺🇸🦅⚓️

cancelmydebt

Debt?don’t worry debt.Look at your predecessor Obama, once was heavily in debt, nowadays he just bought a 14 million dollars house. Debt? a little cake though.

Yeah, the banks would get $1trillion dollars from tax payers... I am sure the banks would Love this!!!😂😂😂

It was the easy solution, taking $$ & not think about having to repay it until after graduation. Students signed on the dotted line agreeing to it. When did it become the responsibility of the taxpayers to pay for them? Oh, heck, no! Somebody going to pay off mortgage?

When did she cancel her brain?

Billions $$ TAXPAYERS $$ to pay SCHOOLS that ALREADY RECEIVED TAXPAYERS $$ - REALLY- the LEFT REALLY MAKES ‘ cense$$$$$$$$$? ‘

When are the colleges going to pay their fair share of taxes?

This article doesn’t day shit! Says watch a video. If I wanted to do that I’d go to YouTube.

Everyone is going to college for free to be an art and gender studies major. Good plan .

Clinton & Biden would somehow end up with it.

Ok, now go justify nullifying the debt of a physician. You're going to make me pay for their debt?

The US taxpayer would be on the hook to pay it back.

Just think of the boost the economy would get if all those debt holders worked extra hard to pay their obligations.

The national debt would increase by 1 trillion plus interest and bloated universities would have lots of taxpayer $$$ for diversity officers and grievance grifter students

Sorry but your AOC BostonUniversity backwards marxist socialist economics have failed every time. ReportThat

Someone else has to pay. Taxpayer bailout to the schools, right? No thanks. Pay off your own debt. I have enough debt to pay off.

Please stop reporting that it would be canceled. It would be merely transferred as public debt. This would be a negative for two reasons, first, it doesn’t tackle the root cause which is inflated tuition costs and it doesn’t hold those accountable who took upon said debt.

Funny how the government that created the student debt loan crisis now wants to soak tax payers with taking care of the tab. The government fucks everything up. You can vote for more socialism but you have to shoot your way out.

What’s crazy is there are idiots out there that really believe this type of BS. You can’t cancel debt. 😂😂

Someone still have to pay for it. No thanks

Is this the magic wand BarackObama was so confused about?

It adds 1 Trillion to our National Debt - and our National Debt is already dangerously high.

The country would sink!

That bill is paid by someone. No matter how you word it.

CNBC, u precious idiots Top10 US Billionaires total $ =0.3T Top20=0.5T Top50=0.8T Top100=1T rest 485 US Billionaires=0.5T TOTAL ALL US Billionaires =1.5T That is total WEALTH, not just income. Now do u get Warren/Sanders can't do math?

she really is a stupid as she looks

You can’t cancel debt.

There no such thing as canceling debt. Some one has to pay for it. Thus the American tax payer will be stuck with the bill. Why should the tax payer foot the bill when only a third of the US population attends college? How about cap the cost of college?

It will never happen. I promise 1 trillion in student loan debt will never be canceled. Never ever ever never. Did I mention it will ever happen?

Debt doesn't disappear, dumbasses The burden just falls on others. FakeNews

You can't cancel debt, you are only passing it on to tax payers. You know the ones who didn't default on a loan they took out

If you 'cancel' debt....doesn't someone have to pay it?

Pay off my credit card debt while you're at it. See how silly that sounded?

Serious? I want to cancel my mortgage and 2 Car payments. Do I just scribble a line across the balance and send it to the bank with no payment? Please tell.

What would happen if the US canceled $1 trillion of student debt? LMAO What would happen is... No House Rep who voted for this would be re-elected. THAT is what would happen!

What about everyone who paid off their debt ?

Well, if by cancelling , you mean taking 1 Trillion in extra taxes from all of us, it means we will all be very pissed. If they over-reach the constitution and force the lenders to call it a loss, supreme court would step in and tell Warren she should put the crack pipe down

This video should be called. We are begging you to vote Warren, so biased, this is the analysis of a 3 year old.

Universities would bloat and bill another $2 Trillion in debt to fund socialist indoctrination centers at taxpayer expense.

That would be very good news for the students.

I didn't even go to college because I couldn't afford it. Now I am supposed to help these ELITES pay for theirs?! GTFOOH!

Tax payers would foot the bill, how do you like “canceling” somebody else debt⁉️ What’s next, cancel mortgages⁉️Who owns a person’s work who’s debt was canceled? Who owns the house if a mortgage was canceled? Ridiculous

Idiots. Goofballs.

Tell me which financial institution or University will just cancel debt without it taking another form, such as higher fees, interest rates, capital requirements, tuition, etc. They will get their pound of flesh and the misery will be ongoing. Idiotic concept.

Ridiculous premise

Free everything!!!!!

Yeah, that's called 'theft by deception'.

Because I chose a worthwhile degree versus Gender Studies/art history at private liberal arts U, I am penalized?

You can’t. The debt would just be transferred to the taxpayer.

Where’s the fairness of rewarding those who made poor financial choices while punishing those who did not?

He was eventually granted loan which took several weeks to get approved. His degree was biological sciences and he paid back every penny which took 8 yrs. His degree was worthwhile which unfortunately today many are not. Few have decent guidance today.

the cost of college would sky rocket ... and the tax payers would get screwed!

You just say the magic words 'cancelled' and poof, like magic it's gone

It doesn't just disappear like magic. What are these people smoking?

The next time you see an antifa rally where they're waving Soviet flags remember that CNBC wants you to pay for their college debt.

Debt is not a bad thing if obtained for a worthwhile reason and can be reasonably paid back. So when my husband needed a loan to attend college, the small private bank interviewed him specifically wanting to know degree pursued and his character....

Bullshitsalot!

This Congress is packed with economic imbeciles. Lawyers make incredibly bad business managers.

And yet the government continues backing these loans. 1 in 4 default. Insanity! No forgiveness when you continue loaning tens of thousands of dollars to 18 yr olds who want to party!

What you really meant to say was pass the debt onto tax payers, people who didn't borrow the money irresponsibily. PayYourOwnDebts

How exactly do you cancel debt? Someone else takes responsibility for freeloaders? You can’t cancel debt!!!! Others will pay!!!!

This article has been twitted many times. Stop the trash

Hmmmm....then who is paying back all that money. You knew you had to pay it back.

TAXPAYERS GET SCREWED. PERIOD. DEBT DOESN'T GO AWAY,!

It will never happen ,so why stir this pot? Next topic CNBC

It does t get canceled disingenuous enemy of the people. It will get paid for by every tax paying American whether they went to college or not.

Someone always pays! I paid mine, they need too!

Tax payers would assume the loan! It doesn’t magically disappear! Wake up peeps ...nothing free & no magic eraser for debt. You& I will pay the student loan debt-whether we went to college or not...whether we paid our own debt off, or not. Pocahontas lied to get out of paying

Taxpayers who didn't go to college would be forced to pay for those who did, further enriching the institutions who donate to Dems & indoctrinate our kids to hate America. Just like Dems forcing us to subsidize Planned Parenthood who then donates to Democrats.

Here’s a good example of the economic illiteracy/magical thinking of liberals. They seem to think that debt just goes away if they ‘cancel’ it. They don’t seem to realize that all they’d be doing is transferring the loan balances of those that got the loans to the taxpayers.

Education is free. Get a library card or google anything you want and educate yourself. Free degrees just means a bachelors will have the value of a GED. If you are a professor and for free college that means you want a big of supply of PHD’s and eventually lower pay.

FREE LUNCH EVERYONE!

She is socialist idiot. Anyone votes for her is the same. She is so called lawyer that doesn’t know economics and hasn’t run a trillion or billion dollar economy or successful business. Trump2020

Make the colleges pay it

You can’t cancel debt someone else pays for it. This is how you’re making people stupid on the subject

Canceled? If it's that easy, why don't we just cancel the national debt and call it good

'Canceling' debt means hundreds of companies and thousands of employees won't be paid. Jobs will be lost. The economy will suffer. The nation will be hurt. Responsibility won't be learned. But all so some freeloaders don't have to pay for the degree they chose.

Easy answer, the taxpayer would pick up the bill.

No thanks. I've already paid for 3 children to go to college, pay for your own debt!

Let me guess ... $1 Trillin would be turned over to the taxpayers including the ones that paid thier loans off but now get stuck with someone else’s?

We’d be paying for it. All of us.

Ok with this so long as the govt tells the banks to kick rocks

The taxpayer would bear the burden?

I would expect someone to pay off my mortgage next. Why not? We print money, don’t we?

How can debt be cancelled WTF ate you people crazy?

It is called Transfer of a Debt You guys are really are fake news

cancelled? Really? Who pays for that because the underwriters are going to want their money back as promised. How does that happen? Taxpayers should assume the debt in your view? Kinda stupid when you say it out loud...right?

I went to college. I got a Professional degree. I paid for college as I went. I took out loans for my 2nd degree. I paid those loans off IN FULL and EARLY! I’m not accepting higher taxes to pay off other ppl’s responsibilities.

A stock market boom!!!!

Lol

Fascinating. How, pray tell, does one go about 'cancelling' debt. Unilaterally?

Can we cancel AIDS & cancer also, or nah?

The fact that this proposal is actually being taken seriously at CNBC, makes me watch FOX Business.

I paid mine back. I want a refund.

Tax payers would get the bill.

Really, someone had to pay it and I’m sorry I am not going to.

Canceling? Don’t you mean someone else pays for it? 🤔

You spelled “transfer” wrong.

Other people end up paying..ie taxpayers. No thanks

How does someone 'cancel' debt? If only it were that easy.

You don’t just cancel debt. Someone has to pay it doesn’t just go away. That’s what you socialists fail to understand

The government doesn't have its own money and the taxpayers would have to foot this BS. How about every taxpayer pay for there own BILLS.

Seize the endowments!

No such thing as cancelling debt. That debt would pass to the people!

She is not going to be president so relax! Trump20/20

It wouldn't be cancelled. It would be shifted to me, my family, my neighbors, etc. What is wrong with you people? Irresponsible adults taking out loans they can't afford, now want me to pay for it. I don't think so. Why don't you make the Universities pay the money back?

Fantastic idea and should be extended for past, present and future loans of all kinds and should be made compulsory for all in member countries.

You cant cancel debt. Somebody winds up paying for it. You are a channel that focuses on the financial world, right? Maybe suggest that Congress stop loaning money to people who cant afford to pay it back. That would be a start. No?

I want reparations for being responsible and paying my way

...and make taxpayers pay for that debt

All of us taxpayers would assume it. That’s what would happen. Not acceptable.

I paid off my student loans instead of taking vacations. What an idiot, right? Can Dems cancel my mortgage instead?

Hey Dimmacraps, if you believe this. I have some free land to sell you.

Let’s use the GOP argument; the students would created businesses and thus create jobs!

Debt never gets canceled ewarren, every tax payer will pick up the bill for the delinquent debt. You’re lying & misleading voters, 1st pseudo Native American DNA to steal jobs & money, now lying to delusional voters who believe your lies.

What about all the people that worked their ass off and didn’t accumulate all that debt? Why should irresponsible people be rewarded and those that were thoughtful and managed their expenses get no benefit? LiberalismIsAMentalDisorder

If you have any clue as to economics and pay/debt, you know that someone always pays the debt. In this case we the people will pay that debt. We paid our way through college 1966-71. We paid for both daughters 1992-2003. We are not paying for anyone else. Got it? Hard pass here!

I am the first person to say student loans suck but I knew when I took them I had to pay them back. Fairs fair. Man up people, pay your own debts.

Ugh a majority of America would never pay a f ing dime in income taxes again?

I took responsibility for my choices and paid off my own student loans by working hard, sticking to a budget, etc. Novel concept, eh?!

I'm not paying for your liberal indoctrination/propaganda experience A*&holes.

And would those of us that paid our student debt be reimbursed? Or would only those that had degrees in transgender post modern science fiction literature have their debt forgiven? Asking for a friend.

You mean if you saddled the taxpayers with the debt instead. Their is no such thing as cancelling, just reassigning.

All debts are paid. By someone, at some point. You would think as a “business” channel, you guys might understand this. 🤦🏻‍♂️

You'd have a generation with a trillion dollars to spend?

Warren, if you vote for me we will forgive all student debt! Sounds like buying someone’s vote with taxpayer money!! Children can’t really be this dumb! You borrow money and don’t pay it back, everyone else pays for it!

Since the US already owes $23T another Trlllion isn’t gonna matter.

Rich Republican heads would explode and Corporate Media would insult her endlessly

Here's what would happen: Idiot kids majoring in Puppeteering or some other ridiculously unemployable major would get the idea any dumb move they make will be bankrolled by someone else.

It will become tax

Well.. US taxpayers have to pay for them

So all politicians will be paying off our debts with their own paychecks?

What about folks who’ve already paid their loans off? Not fair to them. You gonna give them a “refund”? 🙄

What about my credit card debt though. Why should have be liable. Same chain of events: 1. I saw a product/service I wanted 2. I purchased item on credit 3. Paid interest on debt. Now here I am. With debt. Not fair!!

I’d be pissed just dropped 70k this year alone to pay off my wife’s

Easy question to answer...students would be debt free😱

It would bail out millennials, teach them that loans don’t need to be replayed and be a slap in the face to everyone that took loans and paid them back. What a joke!

Liberals are really dumb, eventually someone has to pay the bill

Debt gets passes on. Someone will pay for it. And what about future student loans? Does this mean college will be free? Won't work.

I would be pretty pissed since I just helped my son pay off his loans

Every punk ass kid who doesn’t want to pay their bills will go finance a new car. 🤷🏼‍♂️

THERE IS NO CANCELING.... ITS CALLED TAXPAYERS PICKING UP THE DEBT...I DID NOT TELL THOSE IDIOTS TO GO TO COLLEGE FOR USELESS DEGREES WHY SHOULD I HAVE TO PAY...

Im not paying extra taxes to “Cancel” your performance arts degree loan.

I will get my gun out

College students need to be more fiscally responsible. I paid out of pocket for my education going part-time and working full-time. It took me longer to get my degree but I have zero debt. I am currently doing the same for my Masters.

Sounds like a bribe for you vote using taxpayers $

No you took the loan pay it back.

Unfortunately most dem voters believe these lies. She is also getting rid of the electoral college. Do they understand just how difficult that is to do? I doubt it. Civics needs to be mandatory in hs again

Cancel my debt, too! 🙄 Liberalism is such a sham...

You can’t cancel debt, someone will pay. Idiots of the MSM.

How do you cancel debt? All you are doing is suggesting someone else pay for what another received. Bullshit.

Taxpayers will still have to pay. No. If you don't want to pay it, don't go to college. If you owe, pay it.

The deficit would increase by $1 trillion!

And what about those of us that were responsible and paid off our student loan debts before we took on other debts? Do we get a refund or just get hosed for being responsible? So I pay off my debts and now I get to pay of their debts. No thank you.

People who got degrees that paid well, paid off their debt and became part of the 50% of people paying taxes in the US would now pay off student loans for people who got degrees in fields that couldn't pay off their loans. soundsfair handouts

When everyone has a thing, doesn't that thing decrease drastically in value 🤔

How is this fair to the *responsible* students who worked their way through community and state colleges without going into debt?

While we’re at it, let’s just “cancel” all debts everywhere. Maybe we can just “cancel” our $23 trillion and counting national debt. This whole “cancelling” sounds so easy & fun!

How about making the person read the terms of the loan. Schools can lower tuition costs and kids can get degrees in actual studies that put them into a competitive field. Not my problem if you cant make any money with a gender studies degree..

Cancel $1 trillion of student debt? Like with a cloth? Don't be an ass, , 'cancelling debt' means taxpayers pay for it.

YOU CAN NOT CANCEL DEBT. It can only be transferred from one person to another. I refuse to pay some one else' bills. Period.

They would be another Trillion in debt and we taxpayers will “OWE OUR SOULS TO THE COMPANY STORE”

Please show me in the Constitution where it says the government should be in the loan business?

ewarren Why do you not question why tuition rises every year? When the gas prices increase by a quarter, oil execs are flogged before Congress. Yet, tuition increases constantly & there’s no deans answering for it.

Cancel, like with a cloth?

No need! Jobs allow for payments! ProblemSolved

YOU CAN'T CANCEL DEBT, THE DEBT DOESN'T MAGICALLY GO AWAY, SOMEONE HAS TO PAY IT.

Well, we'd get $5 trillion more debt by betting on red at the Intergalactic Casino when the UNSC should have pulled out of the war with the Covenant and invested more heavily on the Spartan Program on Reach

“Canceling” = pass it on to the taxpayers. Me, my kids, and all of the rest of us who actually pay their debts.

Debt doesn't get 'cancelled'. The Feds will raise taxes to compensate for the assumption of lenders' student debt. You will pay for other ppls college bills.

The country debt will go higher and we will be taxed more to pay for it

THE FAKE FERAL RESERVE CENTRAL BANKS THAT PRINTED UP THESE LOANS OUT OF THIN AIR WOULD PULL A JFK ON WARREN IMO , JFK SIGNED AN EXECUTIVE ORDER TO DISANN THE FAKE FEDERAL RESERVE BANK RIGHT BEFORE HIS DEMISE IMO. END THE FED AUDIT THE FED IMO THEY CONTROL FAKE NEWS IMO

Debt that the Tax payer is burdened with.

Other people would pay for it?

So the deficit doesn't matter now? No accountability? No responsibility? What about those who learned a trade and were not afraid to get their hands dirty. Get a refund equal to a useless degree and a 4 year paid vacation?

It would mean tax payers cover the debt and we teach a group of society that being responsible with their spending and decision making will be covered by somebody else.

Fact Government Funded=Tax Payer Funded We are not paying off student debt. That is fucking asinine.

The best way to fix the tuition problem is for the government to get out of the tuition lending business. Government should not be involved. It’s one of the reasons tuition increases every year & is one of the best examples of dreaded crony capitalism.

Why would you cancel a debt for someone that knowingly borrowed money with no plan to eventually pay the money back? What lesson would they learn? Isn’t it their own fault for paying $200k for a degree with no prospects to ever earn enough to oh back the debt?

Can they also uh “forgive” my new car debt and credit card debt too cuz I really don’t want to pay off that 75” TV, it will uh stimulate the economy and stuff, k thx

Cancel You mean pass it on to the taxpayers right?

Being I have no debt, please send me my 60K ASAP Lizzy Warren. Treat everyone fairly.

Debt cannot be cancelled.

You mean like it never existed, really?

How about we abolish these bogus degrees?

WE pay! Thats what happens

Cancel debt? You people are clueless

300 million people would now owe $1 trillion in debt

but Warren isn't cancelling any debt. She wants to just pass that debt to others.

EVERYONE WHO COULD WOULD GO BANKRUPT

I’ll tell you what would happen.... You would be spitting in faces of ALL the people who actually did the extra to make it work Spitting in the faces of Veterans that served, spitting in the faces of students who worked 2 jobs and spitting in the faces of responsible tax payers

If we go down this road of forgiving student debt and making college free for everyone this idea has the potential to devalue our knowledge based economy

The money would go into the hands of the consumers and into the economy instead of into the hands of the government. Vigorish: The percentage of the money the government takes out of the economy before putting it back in. Slim.

What about those who were responsible and paid off their debt? What do they get?

How about we start at cutting by 25% of the balance and not charging interest.

You’d be spitting in the face of every person that worked their ass off to pay off their loans

All the people that were forced by Warren to pay off someone else’s student debt would leap off off tall buildings.

How about gov't subsidizes companies Navient & MyFedLoan stop providing predatory student loans w/ loan shark type interest rates (7-18%+.) Gov't backed student loans shouldn't be allowed to have a rate higher than 3%.

Value of USD would plummet as foreigners would pull money out of US.

Taxpayers would then have to pay the bill. Who should pay for that useless Art History degree? A) The taxpayer B) The idiot who opted to finance an Art History degree

Well, my kids should also take a student loan then, so the college money I put in for 20 years are forwarded to my retirement home investment!

Grab your wallet and watch out! I’m from the government and I’m here to help you.

Hey! Cancel my mortgage

Bad bad plan! Totally UNFAIR!!!!

Don’t think things impossible

In my opinion been made for not excluded on current personal financial status just like State debt. But an argument is who own that credit and who decide about it. While free education means not having specific talent in specific field, 'Academic fragility' should be avoided...

Good $NAVI stock would go to $100... and pay shareholders massive special dividend

The stock market would collapse costing people over 1/2 of their retirement savings. Businesses would close down and people would be laid off from their jobs because her plan sounds nice and all but it is not feasible due to basic math

It wouldn't be cancelled; it would be shifted onto every taxpayer. Words matter.

Like pharma, no more price checks on tuition. Charge what you want. Teachers can make like 400k a class.

For what it's worth....she's never going to be president.

We would all owe $1 trillion.

All professors and doctors should have to be unpaid volunteers. Take money out of education and healthcare!

We would all live happily ever after... Just like in every other fairy tale. 😉

BernieSanders2020

Who will pay for it? If Elizabeth Warren pays for it, no problem!

Students will immediately rack up 5 trillion because it would turn into a system without repercussions

Establishment propaganda from the 1% Billionaire predatory capitalist and CIA funded Manhattan Institute. “MY SENSE IS Student loan forgiveness is not the most efficient way of stimulating the economy” -Manhattan Institute Even Hedge fund managers cut ties with them. 🤦🏼‍♂️

It would add another $1 trillion to US debt. So is that really canceling it?

umm... we'd be in even deeper debt than we are now?

CNBC would quit posting this?

Great news for the people who worked hard and paid their bills for decades. Why emulate people like them, when you can be a deadbeat and get the same results?

Why are you showing Warren Bernie is the one who wants to cancel ALL student loan debt!

We just gave 1.5 trillion to rich people and no one has complained.

Here’s what happens in my house.... NO MORE donations to charity... NO MORE tips.... NO MORE donations to my Alma mater... NO MORE purchases at the college bookstore.. NO MORE tickets to the football games... I could go on.... but you fuckers won’t get another dime

So students get goods and services they don’t need to pay for, right? Where does it end? And which group is next?

Thats a bad decision.. however she does not need to be president to get that done.. 30+ years in office.. and what bills has she written that helped you. Remember presidents dont make laws.. congress does. So ask why hasnt this already happened....

All those who paid would be chumps

It'd flip a lot of folk BC a lot of folk would be affected by this... Nobody bats an eye when trump have TNs of tax cuts to 1%

Likely, very bad unintended consequences.

They will ask for auto loan forgiveness next. Then mortgages.

There are fewer ideas from the left as dumb as student debt forgiveness. You want to have riots in the streets? Tell the millions of Americans that already paid off their student debt that they now have to pay off the debt of millenials. There are much better solutions.

Taxes go up, next generation will have high student loans cuz paying for it is not solving the issue of predatory lending at colleges and high cost of education.

Doctors and lawyers whose student loans are much higher and they themselves are earning high dollars will be even more wealthy

I assume all of these young people would then go out and buy a way bigger house then they can afford figuring we will bail them out again

At the very least, eliminating interest, transferring private loans to the government, capping monthly payments and forgiveness options for those who perform well, would be reasonable reforms.

It's not canceling debt. This is why they say 'fake news' The debt isn't cancelled. The schools and banks get paid. The difference is the people who already paid their loans, and the people who didn't partake in the luxury university salary increasing life, have to pay the debt

Helicopter money is ok.

It would just be so absurdly unfair to the kids that avoided college or worked through college to avoid debt.

I would expect my daughter's paid off student loans were reimbursed to her, immediately!

A lot of people would be pissed off and there would be an unprecedented moral hazard.

Insert picture of Venezuela 🇻🇪

The world will end. Money will be better spent on tax breaks for Corporations

Taxes go up & people start going back to school.

Millions of consumers would have more money to spend on goods and services.🤷‍♂️

The economy would really improve

SenWarren ewarren andrewrsorkin steveliesman Cancelling debt the Government isn't collecting & paying bill collectors to collect it for the Government not the consumer to spend...? Start simple. Void 1/2 the debt student owes take the paper loss you already lost... Slim

You would ruin capitalism for the next 50 years just to get votes and power. I call that cruel and stupid and selfish.

Why don’t we cancel federal government debt instead

By canceled do you mean transferred to the taxpayer? Or canceled canceled? Asking for a friend.

Imagine being the mouth breather that hit send on this story?

Actually, the US needs to sell of these loans and get out of being a direct lender. It was a huge mistake by Obama and taxpayers will end up taking a gigantic loss. Another great decision.

Make the Universities underwrite their loans to students. Make student loans dischargeable in bankruptcy. The problem would go away really quick.

It’s not f. King happening She’s making promises she can’t keep Just like she’s an American Indian All baloney And she’s the democrats front runner Just promise what you can’t deliver and get elected

Why only ask these questions when it will help the middle class? We cut 1.5 trillion in taxes last year, right?

The US government would add another Trillion to its debt. The fed prints more money and people wonder why houses and land cost so much.

what is US Debt/Global GDP? I bet US Officials do not care about debt bc this ratio is stable or getting smaller...

Canceling student debt would be irresponsible work for former students. Debt compels them to do responsible and quality work. Debt increases responsibility for work and family!

Then whom should I tell my lawyer to contact? I will not be held at a disadvantage because I managed my bills and paid my depts correctly...

How about you write about what happens when you separate children from their parents and detain them indefinitely? Then fail to reunite them?

Another good idea would be to teach students how to fish instead of giving them fish. How can the education system encompass a way where students learn how to invest and take advantage of the rising stock market? My parents learned without knowing the language or going to school

Not all of it needs cancelling .Only a small portion of low income debtors

refusing to click your click bait bullshit

.cnbc is a republican propaganda station like fox

I would demand that i be reimbursed 750,000 for paying for my childrens college tuition

What would happen if the banks RAN and the courts didn’t steal homes for unjust enrichment Did you get your copy PeoplevMoney

.What would've happened if republicans didnt blow up the national debt every time they control the office?

Yeah everyone has to pay for it! Dumb headlines

Funny that this problem happened when the Federal government took over the market and all the greedy colleges raised their tuition at an alarming pace to hurt the student! Why doesn’t some intelligent official study the root cause of tuition hikes

They would pay it back later in the form of higher government debt, boomers won't be here forever to pay it

What a joke , work hard , pay taxes , and paid for school !!! The more important subject is healthcare which since 1978 has gone downhill and prices us all out for know benefits covered . Unions win , politicians useless , and hard working Americans get nada . Jokers

Not my problem , opine for votes , just down right nasty

A generation would not understand personal responsibility. university’s would never be motivated to control costs.

FREE higher education isn't an answer to anything. The college hangover party would never allow an education if it was FREE. ichatit the right tools for, common sense.

Its frightening thinking of her running our country into the ground. Enforcing her communist beliefs. You and Bernie should leave our country. Move to China

If you dont pay your student debt they should garnish your wages. If you cant afford it dont fucking go. If u cant afford your mortgage, dont buy a house. Same difference

Just another tactic for this crazy old hag to win over some votes. You gonna pay off all of our mortgages as well?

Horrible Horrible idea!!!!

I guess they don’t teach basic math in high to these college educated people. Borrow X per year x’s 4 years( if you go all 4)= How much you owe. Was never a secret when signing the loans

We would subsidize irresponsibility is what would happen.

would go up $1trillion... it doesn't disappear... voodoo accounting

Depression

............... a revolt.

Auto and home sectors would boom!!!

But bailing out AIG was perfectly fine! The USA is disgusting! Time for socialism!

How about stop making new loans? And stop charging interest on existing loans? Expand the loan forgiveness to the people that have complied with the 10 years public service?

As if anyone knows 🙄

Idiot thought or in her world a plan non of which would work. How did she become a Senator with no accomplishments.

This would be an economic stimulus but for the younger middle class, instead of the tax breaks billionaires get.

Im still wondering why no one has hacked SallieMae and deleted it all already?

Moron! Close all the colleges. Then there will be neither students, nor student loans.

What would happen if we scraped our current tax system and created a fair system or tied Mortage rates to credit worthiness and not interest rates

A sharp stick in the eye to those who paid their debts. An unfair taxpayer-funded freebie to the debt-relieved (in exchange for a vote). The education system needs reform - fewer bureaucrats - and a focus on STEM degrees that allow graduates to repay.

We would be $1T further in debt. We would screw over the people that just paid their debt off

Tuition is a violation of your human right to Education, forgiveness of illegal debt is a good start on making America Great, for the first time!

Then everyone else who either paid their loan off or never took one out gets to pay for it.

Everyone should put their student loans in deferment or forbearance in case Democrats win Congress and the White House, they're going to pay off all the loans. At least, that's what they promised.

Trump's tax cut costs over $2 trillion. I'm sure we can get rid of debt.

HORRIBLE IDEA!!!!!

If you don’t understand the difference between keeping some of your hard earned income vs giving away free stuff you must be a Socialist.

Elizabeth Warren is a fool.

How about canceling my credit card debt too!!!

I WILL GOING BACK TO SCHOOL FOR THE NEXT 40 YEARS TILL I AM 80+ YRS OLD...EVERYONE LOVES FREE THINGS.

Simply transferred from one place to another! What about those who paid off their debt?

The U.S. has roughly $1.57 trillion in student debt —

Pocahontas

The Global Bond Market would crash

Ten years later we do another trillion because they all buy big houses they can’t afford

Our mission at is to build the social news network that ends fake news. Follow us Overlooked_Inc

THE FAKE NEWS CONTROLLED BY THE FAKE FEDERAL RESERVE THAT CONTROLS THIS DEBT AND PRINTS LOANS OUT OF THIN AIR WOULD ATTACK WARREN USING THEIR NEWS NETWORKS AND SHE WOULD BE NOT BE PUMPED BY FAKE NEWS LIKE HUSSIEN WAS TO DESTROY THE NATION & PRINT MORE AIR MONEY FOR FAKE WARS IMO

You're leaving the part where I run naked through the street doing cartwheels of joy and arousal. Nipples flowing freely in the breeze like the tiny little champions of wokeness that they are...FestivalofRemembrance

No one is cancelling anything. They are only transferring that debt to others.

It's truly amazing, shows delusional aspect of politicians ignoring debt but campaigning on real expensive projects, first payoff debt & balance budget then offer Medicare for all? Ready to cut entitlements & have massive wealth tax to balance budget & payoff debt principal?

They will return to school and take on more debts..!

I can tell the college in the old gas station down the street where I got my 2 week cat psychiatry degree to stop calling me?

The Nutty Professor! Bolshevik

Tell them to pay it back, duh!

I worked 3 jobs to pay my way through grad school debt free. SuckItUp

This is nothing more than a quid pro quo, sound familiar? I pay off your student loans and you vote for me, deal? It’s no different than how public sector unions work...give us a sweetheart contract and the union will support you in the next election. One hand washes the other.

If that’s the case then I want a refund on the loans I already paid off, right? And while we’re at it how about forging my car payment... F’ing hell, where does the insanity end?

You cannot cancel debt.. someone still pays. In this case taxpayers

It encourages more to lack responsibility. Whether individuals or businesses, not good.

L'yn Liz is trying to buy votes, elimination of student loans and health care free....she is pandering and sheep will follow

Now compare to massive corporate protectionism and bailouts.

Why should plumbers, police officers, engineers, truck drivers, & students who worked their way through college bail out baristas with masters degrees in feminist dance therapy? Exactly why?

They did a bank bailout, why not get rid of this debt?🤔

Whose money is it to give away? Who promised to pay it?

Why not have Elizabeth take her magic pencil and cancel the national debt. THE PLANE BOSS. THE PLANE.🛬🛬🛬🛬

Seriously old news but who cares..seriously how much more desperate and divided & in deficit can we become

This is such a dumb policy, student debt is basically public funds that in the future can be targeted to the needy. Those in debt chose to take that root, and reap the benefits. How about those who chose not to because of the cost?

Major recession, if not, depression. Increase national debt massively. We are not communist country. Go live in China. Universities are so bad in China, healthy Chinese send their kids to our Universities. This speaks volume on so many levels, Millennials.

What happens after you cancel the debt? What have you done to keep the next generation from building the debt back up? You’ve done nothing to reduce the cost of school.

All these plans to cancel student debt and provide healthcare to all are worthless if they don’t address the underlying waste and inefficiency. Why should the taxpayer be paying for a $10,000 prescription pill or a Vice Chancellor of Diversitys 300k/yr salary?

Would Go To Hell in A Hand Basket

Could I get my money back.

Devos would melt like the wicked witch did on the wizard of oz?

Bigger question. What about all those that paid theirs?

i have no clue maybe the US economy would fall into a rescission

they should fix headline to what would happen if us tax payers pay for 1 trillion of student debt.

A bunch of southern banks would collapse.

People should grow up and pay their share. This is stupid...cancelling debts just because. Dumbass liberal snowflakes should start taking REAL courses and not junk courses that make themselves feel good about themselves. maybe then, they can get jobs.

This is a dumb idea and will lead to more bad behavior.. they knew what they were doing when they took on the debt..

They'd be able to spend those monthly payments on consumer goods and mortgage payments, which would contribute to the economy?

Dangerous pandering

Not even listening

This

College fees would increase dramatically and more than one financial institution would bankrupt. We are talking about $ 1 trillion. Politicians should be more responsible about what they say.

300M pissed off Americans!!!! They either paid their loans or DIDNT get college paid for! Nobody was forced to take a loan...

Great reporting. The debts have to be paid even if that’s through “income adjustment payment plan”, no ifs or buts, PAY!

This took way too long to develop. Boring

Again and again the same story! Why Poor CNBC reporting

Capitalism could actually work for the next 2 generations

actually it is genius. it would boost the economy for the next 20 years and auto sales would scream along with home prices rising and rents increasing amd stocks rallying massively. if not this then let people legally default on it in bankruptcy

its a transfer of debt, from them to all of US!

It would have to same effect as a US Bond default

It’s all about the vote!

jacobpramuk It would be the equivalent of raising the MW it $15/hr. $ in the economy rather than the wealthy to hoard. 1% r hoarders

This is what would happen...I would be so happy if student debt is cancelled! CancelStudentDebt WhiteHouse HouseDemocrats HouseGOP

What a stupid idea!!!

LOL, I thought only AOC was All Out Crazy!

this woman is on cheap drugs..

We refinanced so that we were not paying the high rate. So our student debt does not show up. This just isn’t a good plan & not a fair way to distribute relief.

The next students would have to beat the other previous students high score of 1 trillion in student debt before unlocking the golden flame sword of liberal virtue signailer. Also need to fight the final boss Orange Man and win, before passing the debt to future generations.

Boost the economy... leave succubus like BetsyDeVosED high & dry - I love it! And actual win-win for the middle & lower class. But, as if the kleptocrats will allow that to ever happen...

Do I get any money back. I worked my way through college w/o loans. If you get a loan, you might want to do some research to make sure you can pay it back and live at the same time.

Consumer consumption would increase and more homes would be purchased. Duh. Business would benefit!

LOL!!! Liawatha

Why All of those loans were taken gleefully without coercion! Put your big boy pants on & pay back your damn loan!!!

To stop milking the cows?

What about the people who are paying for college or just finished paying off their student loans. Are they all being reimbursed. So a doctor who racks up 500k in loans and makes 300k a year will get their 500k wiped away. Doesn’t seem right. Can you pay for my car and home loan

How about lowering the student debt interest rate equal to what banks pay the government for borrowing money?

My credit card debt now identifies itself as student loan debt. It’s trans-financial.

Let’s take debt away from everybody and give everything away for free! Someone will have to pay for it eventually.

espero q não seja essa a VICE d VÉIU,,,,,,,,,kkkkkkkkkkkkkkkkk,seria ,entregar o país p os CHINESES

Obama lied and said he was the President for students, then he drastically raised interest rates on student loans. BarackObama is a liar who hurt education for Americans while sending the manufacturing economy to Totalitarian China!

Why would any one believe her?

Of course you frame this as if Warren is leading the fight, when her plan doesn't go nearly as far as Sanders'.

You couldnt have been more biased if you tried. You failed to mention the person who has the BEST CancelStudentDebt program BernieSanders which Im sure was on purpose.

CNBC - For God’s sake stop retweeting articles from April. You’re doing nothing new! You’re only dredging up old news!

I’m having my kids take out loans even though they don’t need to. Might as well get a piece of the action.

If you can bail out the banks who have fucked people over, you can bail out students.

$1,570,000,000,000 ... Is it important people think money is more important than life, health & education? Might it mean more if more people could explain how $1 gets created?

US will get saddled with $1 trillion of debt but who cares? She'll just blame it on Zuckerberg.

If you paid $100k for an education I can get 90% of from YouTube who's fault is that? If you wanted free college you should have joined the USMC

If they do they they better cancel my mortgage and my investment property as well.

I dont believe it. Bernie and Warren promised to fix all of my problems for free!!

People would still find something to bitch and cry about that they didn’t want to take responsibility on is what would more than likely happen.

Lots of folks gonna be out some serious cash and not likely nor able to extend anything like that again.

One of my friends who works in management for a student loan collector / manager def does not want these loans canceled- it’s big and profitable business

Why does it have to be such a drastic measure. Move to a 'Pay As You Earn' system, whereby students will start paying their student debt only when they earn above a certain threshold. Best of both worlds?

Don't cancel debt.... pay back what you owe.. don't go to school and spend 100K on an arts degree.....

Don't stop there. Cancel all credit card and mortgage debt. Why should only students be given a pass on not paying their bills?

And reimburse everyone who paid it the right way... why should they be penalized or following the rules...

Uh, them paying it. Then lets lower salaries at universities, which skyrocketed under Obama.

Pyramid schemes always collapse as the little guy at the bottom gets screwed

If and only if the U.S starts adopting $XRP as their reserve global currency and this new monetary financial system will eliminate ALL the current DEBTS. XRPtheStandard

CNBC does zero to explain to their viewers why and how student loan debts have spiraled out of control to begin with.

Thanks to the corrupt Education Complex that is still ripping off students today!!

.... cancel a debt? WTF CNBC! and you claim to be a 'business' channel?

END THE FEDERAL RESERVE THAT PRINTED THE FAKE AIR LOANS OUT OF THIN AIR. AND PRINTING FIAT AIR MONEY AND AUDIT THEM!!! END THE FED! imo

Cancel? 😂

Fake our deaths?

Don’t start celebrating. The IRS treats cancelled debt as taxable income.

78% of Democrat voters can't pay their Bills - the democratic strategist know this so they campaign on paying off your Bill's and giving you money - it's a shameless tactic but would work on such uneducated people.

A lot of happy people & might boost home ownership thus the economy

A financial catastrophe for everyone in this country. And it would set a horrible precedent.

Talk to Finland and ask them how to do it. I'm Canadian and think we have a good system also but Finland has the best system....but rich people be prepared to pay more taxes.

Everyone sselecting a college will not worry about if the can afford it. Those who had their debt forgiven (payed my the government aka the American taxpayer) will simply take on new debt and anticipate it will be forgiven again at some point.

Stop retweeting!!!

People will start buying houses?

What would happen? The burden of student debt repayment would be shifted from deadbeat students (who signed up/agreed to repay the loans and received the money / education) to people that pay their taxes, did not receive any loan money and did not sign up for these loans.

but the US isn't cancelling any student debt. It will just be passed on to others. Cancelling would mean no one is going to pay for it, and that's not going to happen.

The US national debt would top $30 trillion dollars or $100,000 per person! Together Trump and Warren really CAN bankrupt America!

Nailed it!!!

We do not cancel it but restructuring is in order. These banks have a lot of stones charging 8% on government backed loans for students. All should be able to be rolled at 2% to start. Then we figure out the collage fraud .

Massive tax increase on EVERYONE. Recession

Heres what will really happen the CENTRAL BANKERS who printed up the air money loans out of thin air and put students in debt slave postions, will control the fake news they control to say DEM backers will not support her they want a DEBTOR NATIONS & FAKE NEWS control . imo

It would act as a bailout for the colleges and the banks giving out the loans. We need a free market approach to accessibility in higher education. Otherwise the price is just going to spiral out of control. In Europe there's a very selective process for admitting students.

Recession

Let's start by putting a cap on all teachers, coaches, and college administrators. No more than 250K (2019$$) a year and more to teach one class. Abolish Tenure forever.

The dollar will crater..... And as a result there will be zero benefit

National Deficit jumps over corporate tax cuts and oil subsidies; ‘tHiS iS dUh FwEE mArKeT!’. National Deficit goes up because of student loan forgiveness ‘sOcIaLisM!!’

Would we cancel their mortgage ten years later

Let’s cancel all mortgages while we are at it. And credit cards.

Then start all over again?

A bunch of bondholders would lose their amoral investment. It would impact teachers and policemen's retirement. Yet the world would not end. I am pretty sure ewarren is smarter than the ppl you interviewed to cry 'chicken little'

Just transfer it to the Fed's balance sheet. They added about 200 billion to their balance sheet this month.

We’d end up in 2 trillion more debt somewhere else. Saved you a click.

Save_The_iRaqi_people

Declare bankruptcy on or death

I honestly hope people aren’t believing this 💩 Only thing the dem knows is to raise taxes make up new taxes and spend and not care dem can’t even run a state how can they run a country

Not fair to anybody who paid theirs already. I stand with Trump

It would be a catastrophe! All of those young adults free to buy houses, travel, invest, and spend a lot more money in the economy! We would go into a depression! Dam Liberals don’t know how the economy works.

Cancel all of it. Bernie2020

Do You Want 20-100 Photo Background Remove In $5? Visit My Portfolio: Please Contact Me: backgroundremove photoedit photomanipulation photoshop Photoresizing objectremoval animatedlogo video YouTube Fiverr RT

Uh, Bernie's photo should accompany this tweet instead of Warren's. resist Bernie2020

They should!!!

It will simply grow back if the fundamental issue is not dealt with.

Why is Warren's picture on here when BernieSanders' student loan forgiveness plan is much better than hers? Bernie2020

I would have 300 extra dollars a month to buy shit.🤷‍♂️

There would still be almost $600 billion of it... yknow, as much as there was in 2009. No, we're gonna CancelStudentDebt.. all of it. NotMeUs

$1 trillion isn't enough. Bernie would cancel ALL student debt, allowing a generation to rise up and finally begin their adult lives.

Naah. Who cares about college debt? It is easier to claim 'native ancestry' and get all benefits for free LOL. Right, Mrs. Fake-a-hontas? SenWarren

There will be riots?

she had absolutely no idea what she’s saying

Nah here what happen ❌❌❌❌❌❌❌❌❌❌❌❌❌❌❌❌❌❌❌❌❌❌❌❌❌❌🥳❌🥳💕💕💕💕💕💕💕💕💕💪🏽💪🏽💪🏽💪🏽💪🏽💪🏽💪🏽

What would happen? The burden of student debt repayment would be shifted from deadbeat students (who signed up/agreed to repay the loans and received the money / education) to people that pay their taxes, did not receive any loan money and did not sign up for these loans.

Beyond the obvious stuff... what about those that paid theirs off and what those that go to college after that? Thus 2 things, she is just buying votes or just really that stupid but likely both.

When you post this more than 3 times it’s a propaganda not news

Bankers would stop loaning money and Colleges would double tuition.

Housing market & auto sales would explode. Jobs jobs jobs.

It would grow back again because the fundamental issue isn’t dealt with .

what about my mortgage?

you are supposed to be a business channel? IT IS CALLED CREATING A MORAL HAZARD. DEBT IS NOT ELIMINATED, it would be transferred to the rest of the country and will create bad incentives in the future. There is NO economic benefit to this.

Someone’s debt is someone else’s assets. Someone will have to eat those losses

You need to ask why is college so expensive compared to 20, 40 and 60 years ago? What is the average salary of a tenure professor at Ivy League or State school? Why are they paid six figures? How does that compare to the average salary in the U.S. ? What is the point of tenure?

You keep reporting this flawed point of view from the borrower perspective only. Not only are you taking wild guesses of what happened, but your answers are wrong. If you short change the streak holders by not keeping your promise, then there will be less money in the future.

Our National Debt would go up by $1T....

Bernie and warren giving the already privileged with education a further break / YANG just gives everyone and $1,000 a month and says do whatever the hell you want with it ... how is this even a contest

NA education lol

Taking workers’ tax money to bail out Bourgeois college students? Do you even Marxism bro?

But the US isn't going to cancel that debt. It is just passing that debt to others. Cancelling would mean no one is going to pay it and that's not happening.

If you bail out student debt with a federal payment you’re just going to entice the colleges to raise rates so you guys have to do it again later on down the line

Free everything. Just remember- you can vote socialism in. But you have to shoot ur way out!!!

Only socialism for the parasites 1% acceptable in democracy

There was a time when borrowers were expected to pay back their loans. Now politicians ask for your vote so that loans will be forgiven. Ask, and it shall be given.

The economy would get a big boost.

I’d buy a house.

Recession.

Nothing is free.

They will increase your taxes by 10% a paycheck until they get the student loan money back.

bkerensa How about talking of how raising taxes on corporations & the wealthy to cover it will make them move jobs & money out of America, or why it isn't fair to expect others to incur the debt students took on- all in the name of votes.

Cancel ur phone bills and iPhones 1st good lord

Free stuff rocks. No wonder why this coincides with also lowering the voting age. PS Your future generations will pick up the bill.

Sure eliminate all, and never lend a penny of USA taxpayer money for education.

We could actually bring the economy up real estate will go up people will be able to buy homes instead of renting homes people will be able to invest more into this country rather than being scared to spend a dollar because it would have no return

If you owe someone you have to return, which is called fair trade. Why do I feel The other party would win no matter who is on lead?

Our mission at is to build the social media platform that ends fake news

We’d be wallowing in deep shit while standing on the shoulders of our damn politicians.

Student debt is a result of easy access to loans. Stop all government student grants and loans. Colleges and universities need to stop dependence on student loans. Governments need to fund universities directly. Pre 80's method

It’s possible yes...The U.S. just has to make XRP - the best Digital Asset to be a global reserve currency. It will pay all debts. stevenmnuchin1 realDonaldTrump

We could ACTUALLY invest better our income, to have a much stronger economy?.... Just saying. 🤷🏻‍♀️😉 $300-$400 monthly add up.

Thank goodness this shrill old witch will never, ever be President.

I paid for my education with hard work - 2 jobs in summer. Now I have to pay for someone else's education? Wrong, Unfair. These liberals are socialists - redistribution on steroids.

How about we cancel all mortgages? At least then people will own something of worth! bansocialistthinking

It's just not fair to cancel debt for some people but give nothing to another group of people that either chose not to take on the debt or have worked hard to pay off their debt. More fair to just cut everyone a check

Why should it be cancelled. I could not study as I did not have enough money. Period. Cant by a new car if you cant afford it. Rather pay that money into people who can't afford medical insurance. Health comes first. Better than paying of someones debt as they just wana have fun

Personally, I'd have more money to spend on my students. But I took the loans knowing it was a life sentence of debt given my age when I took my Master's degree, so this is the least exciting of her plans to me.

Stop your 24/7 shilling for Liz. It’s embarrassing.

The thing is that if you cancel student debt (and why not, of course), you need to make education free...(from now on)...

It's the new poverty cycle. Education in the US has to be viewed differently. More PROFIT$ will be made with a highly educated workforce. That starts with making education affordable + accessible

Cancel? Hahahaha no!

Remember when OBAMACARE TOOK OVER THE STUDENT LOANS? That's when colleges & universities up their tuition because they knew everyone could get student loans no matter if they could ever pay them back. Joke on students!

Short term it would hurt the economy. Long term I would see an improved economy given that those with student debt would instead be using that money for services/products.

There is a digital currency that will democratize, provide a level playing field and pay all debts - XRP - the best and most use-case digital asset.

Why not take your magic eraser and cancel the 22 trillion national debt to.

The economy would implode.

Recent grads would be able to more readily afford to buy a home, car, clothing, vacations, insurance!!!!! Ahhhhh THIS is not rocket science people

If Warren were to win, the Dow would drop 10,000 points.

Are you kidding How is that equitable to those who incurred college debt and worked hard to pay it off. Take your socialist bullshit somewhere else, Liz, cos we don’t want it.

Even if she win not canceling student loan debt....it is just a campaign fake promise!!

TheNuttyProfessor

Politicians need to take a course or two in economics....they are horrendous

it means that the Trillion would never be collected to pay for entitlements or other obligations.

The economy would get a boost.

The clowns at the fake federal reserve would have a hissy fit and print 1 trillion more dollars out of thin air and hand out more debt imo END THE FED!!! AUDIT THE FED!!! imo

Legalized vote buying is what is being attempted here.

Colleges would continue to increase the price of tuition?

New debt would be accumulated.

r'

What are the candidates proposals for bringing down the cost to begin with? Why not put a cap on the amount that can be borrowed?

That money should be used in shoring up Social Security, not loan forgiveness.

“made other people pay $1T of student debt” FIFY

This would cover up Obama’s fraud. Per WSJ, in 2010, the Dems nationalized the student loan market to help pay for ObamaCare. The CBO at the time forecast that eliminating private lenders would save taxpayers $58 billion over 10 years. This estimate was pure fantasy.

Only her cancel cause can be a President of USA.

Pocohontas wouldn’t get a 400K salary

If a bank wouldn’t give a kid a 50k loan to buy a house without a job or no way to pay it back why would a college. loans should given based on majors with high probabilities of getting work after graduation.

It would send the message that commitments and agreements don’t mean anything. That it’s ok to not pay your debt. Snowflakes’ ethos.

Everyone will go back to school to pretend to be a 'student' for as long as possible for years & load up on 'student' loans. That's free money knowing they don't have to pay back.

We cancelled 1.5 trillion dollars in taxes and no one batted an eye.

It would be a huge economic stimulus. It's almost like they don't want young people buying houses and overpriced corporate products to stimulate the economy.

I’ll save everyone some time: our debt would increase.

The Socialist Democrats want everything to be free and at the same time they want to ban a lot of things - no more meat for you!

We can thank the government (Sallie Mae) for the ridiculous cost of college.

what happens to those who paid off their student loans or others who didn't incur them because they attended less expensive schools? do they have a cause of action as they were discriminated against

Another 1 trillion would accumulate in under 10 years

What about everyone who actually paid, what do you think they would do, just sit there

All out war, cause the one trillion already paid would be looking for equity

I have no problem with eliminating any interest for those loans. If you took a loan then you need to pay it back.

What would happen? The burden of student debt repayment would be shifted from deadbeat students (who signed up/agreed to repay the loans and received the money / education) to people that pay their taxes, did not receive any loan money and did not sign up for these loans.

Allow me to rephrase.... 'What would happen if TAXPAYERS paid for $1 trillion of student debt'

Price of coke be high for a while

Stupid idea to the highest though lowering the interest rates on the Federal loans would certainly help students pay them off faster. There is no reason the rates should be that high.

Canceling debt is unworkable and unfair at many levels. If student debt is the issue, reimburse students for tuition and fees paid, up to say $50k for pursuit of a degree. Students who worked and paid wouldn't be penalized.

It'd NOT be fair to ANYONE else who has Debt- why does SHE consider this DEBT any more worthy of debt to relieve than HARD WORKING CLERKS or the DITCH DIGGERS or TRUCK DRIVERs etc Half the kids at college are DRUNK from start to finish! Do you want to fund that with TAX money?

Why post this? Not going to happen.

Who at CNBC is in charge of writing these Twitter headlines? Please stop with the attempts at grabbing attention by confusing theory and fact.

What if I just cancelled MY $750K in debt?

old news, nothing new?

Plain and simple, you kill millions of dreams to become, Doctors, lawyers, architects. I think that there's nothing better and smarter than, to invest in education.

All debts are paid. Either by the borrower or the lender. In this case, the lender is the US taxpayer. Undoubtedly some regret taking out the loans, but they entered into these obligations willingly.

Foolish kids who get liberal arts degree then doubles down on graduate school. foolishness

why i don't now who care my be me

What would happen? The burden of student debt repayment would be shifted from deadbeat students (who signed up/agreed to repay the loans and received the money / education) to people that pay their taxes, did not receive any loan money and did not sign up for these loans.

The drum beat continues. This is complete crap, geared only for young votes and getting old. Just stop the lunacy.

I've learned all politicians especially career politicians will say anything to get votes

I have a better question...What happens to the people who did the right thing and paid? I think we know the answer.

Stop propaganda. Stop dreaming. Forcing other people to pay your bill should never be promoted

Get out of the government student loan business! Let the banks handle it!

Do U want 2 forgive my mortgage, credit cards etc. If not, I’ll view it as a discriminatory & fraudulent redistribution of wealth on the backs of future generations. Put non-scofflaw debtors on a plan just like NY bankers did with Trump. I paid my National Defense loans.

What would happen if the US just gave every single federal tax paying citizen $1,000? I paid off my student loan debt, I didn't take vacations, I drove an older car, no cable, no craft beer, no multiple trips to Starbucks. studentloans

Then we would be one trillion more in the hole in our national debt and people who got their debt forgiven will have learned nothing. Debt management is a very valuable lesson that frankly needs to be learned

Nothing delete it

My kids student loans are through banks. While people who have govt loans would get a free ride, they'd still be paying their loans because they're not from the govt.

Furthermore, she made over $429,000 in one year teaching at Harvard. How can she fix the problem if she is part of the problem. Teach for free if socialism is what she believes.

Rhymes with hunt Start with a C

How bout we confiscate all the money from off shore bank accounts of these assholes that haven't paid taxes. Wouldn't that be a wonderful thing to experience.

...at the sacrifice of what? Nothing in life is free and no one pays the cable bill before the lights. Yes planning is great state by state, BUT WHAT IS THE GLOBAL PLAN, the interactions w/Macron etc...after Trump?

We should just make everything free, free, free 🙄

When the U.S. buy tons of XRP now - the best digital asset - then they will be able to pay ALL debts in the near future.

// The borrowers are now making good money' why don't they pay? Ask Ms Pocahontas (Yes, the easy liar) why she wants to do away with that Huge Debt by students.

Not much. Don’t we have trillions out all over the world?

I suggest that we get the money back from the overpaid liberal professors (like Elizabeth Warren) and school administrators. Fix the costs, don't forgive the debt!

Ur beloved grandkids will pay for it via higher taxes. When wil we learn there is no such thing as free

If U.S canceled student debt, they should cancel all type of debts.

Double entry accpunting still rules the day. Credit a trillion to the borrowers causes an immediate trillion hit to the taxpayer.

Get lost, both of you

yesillhavesome One easy solution to get rid of ALL U.S. debts...if and only if the U.S. legalizes XRP - the best Digital Asset.

We’d have 76 gender pronouns?

The average taxpayer who pays his fair share every year but still we take the burden because of ewarren ego!!!

Everybody’s pockets in America would be less while those who did not repay the debt would have their pockets full.

Someone wil pay this bill, and for sure the ones who have nothing to do with the matter (non students). Listen, people: the money will come from someone’s pocket - government money is based on paid taxes. Nothing is “for free”.

what a dreamer and what if......

What would happen? The burden of student debt repayment would be shifted from deadbeat students (who signed up/agreed to repay the loans and received the money / education) to people that pay their taxes, did not receive any loan money and did not sign up for these loans.

CNBC has posted this a few times. This becomes a propaganda

Liberals and there socialist agenda. How appealing they are.

realDonaldTrump would get blame for the market downturn and investors loosing there’s shirt.

What would happen if we taught kids about debt

$1 trillion isn't enough for me to vote for her

Doesn’t make any sense

I want my money back too

Students should get loans on negative interest rate which pays them in perpetuity.

This post is bad and you should feel bad. clickbait no data

Lots of happy students, in debt 4 something that should be free?

Please stop using the word “cancel” in your articles.

Think how many votes the Democrats can buy with $1.5T of taxpayer money.

she is dreaming.. this isn't going to really happen

It would be insulting to those who pay their debts & show a bad example for young people about managing finances and debt responsibly ewarren

Why is ASU 15,500/a yr for online accreditation? Seriously

Instantly boost the economy. I have a few things I’d rather spend my money on. 😏

It's always a good idea to cancel debt

All for canceling the debt, as long as elected officals forfeit 80% of their total income each year in office.... non of this deferred payment crap either.

Woahhh

The banks were paid off 3 billion for a mortgage crisis THEY caused .... let them figure it out

You act like it does not get paid back. People work to pay for their college. What are they recieving?

It would piss off 75% of the population that paid off their debt.

I say the schools that handed out the diplomas should pick up the debt.

It wouldn't go far enough; that is why we need the FREEDOMDIVIDEND from AndrewYang2020

US dollar

Strip Clubs will be packed.

TaylallK What a blessing that would be. Shackles off their finances.

i would be pissed that i paid my loans off

It would be better than $1 trillion conservatives would waste on national defense spending increases

17 - 1 = 16 ^🥧 (Collapse) Any more stupid questions we want Economicdetox Stop with the zombie pumping you bankster either use bitcoin I’m tired of see people’s life getting played with.

Bankruptcy

I paid mine. From Federal money. If you cannot pay why sign. You America ate paying your own life when the constitution says free.

No reason, None, to cancel the debt

I could spend 300 more dollars a month of shit I need instead of barely making any payment on the principle of my loans.

Cancel? Hilarious. WE pay for it. Nothing gets 'cancelled'

It will create hyper inflation, while college degrees become worthless.

If Dems nominate Eli’s Warren then Trump wins.

I’d be totally pissed. Worked hard. Saved money. Sent my kids to college debt free. Had I known the govt was handing out money I would have made my kids take loans. Don’t lose my vote. TheDemocrats

Canceling debt Discourages saving , jobs, schools of better value, family helping They get nothing, don’t do above again Encourages degree with no jobs, spend more on ed, spend more on college living expenses, spring break Expect gov to pay for more bad decisions in future

What would happen? The burden of student debt repayment would be shifted from deadbeat students (who signed up/agreed to repay the loans and received the money / education) to people that pay their taxes, did not receive any loan money and did not sign up for these loans.

That would almost but in reverse fashion= the last GOP tax cut, except the money would be saved, invested or otherwise drive their local economies instead of being held by Corp.

I’m going back to college

The liberals will have a holiday named after it ( the student debt relief day).

1. Erase or lower interest rates to a low fixed rate. 2. Allow student loan payments to be pre taxed directly from paychecks. 3. More forgiveness plans

News flash: Between defaults, IDR, PSLF, and people timing out, the government won’t get anywhere close to what is “owed.”

National debt goes up $1 trillion

Why not subsizs students fees and increase China student fees by 10x.

I want backpay for going to college and paying for it myself like a normal adult.

This is totally bullshit... and I demand a refund!!!

Their national debt would instantly go up by 5%.

Why this generation? Already paid off all mine. What about the next generation?

Get dem votes by promising free stuff? Duh

State donation is needed. Stop paid education! Freedom for education in USA! America has enough money for!!! But greedy stupid influentable rich rulers don`t want help Americans to educate. These rulers are not patriots of the USA! They are enemies of US nation!!!

What would happen is that these irresponsible snowflakes would continue in their debt incurring ways and rapidly acquire one trillion dollars worth of credit cars debt.

Canceling student debt is useless without addressing future loans. Just like granting asylum to illegals without dealing with Open borders. It’s all a gimmick by ewarren and BernieSanders to get elected. StudentDebt OpenBorders

Wouldn't it be more valuable to cancel mortgage debt? At least there would be an asset to sell afterwards.

she is dreaming.. high in the sky... apple pie... not even credible

It's not going to get paid off anyway. Might as well write it off now and move on.

87% of Democrats have problems paying their bills - the Democratic candidates know this and prey on your problems and lower income - once the mindless elect them they forget all about you and raise taxes.

Economic “dreamers” hope milellenials will get married, establish “proper” consumer households and have babies...

Nothing... Productivity increases.

My credit card debt relates as student loan debt... it’s trans-financial.

But it's not being cancelled. The debt is just being transferred to others.

What would happen? The burden of student debt repayment would be shifted from deadbeat students (who signed up/agreed to repay the loans and received the money / education) to people that pay their taxes, did not receive any loan money and did not sign up for these loans.

85 billion at 60 plus age a problem or bank of usa gets a lot of houses in about 15 - 20 years ? People with loan can have one vacation a year or do 3 or 4 ? Fairness issues . Support for low income and keep cost low .. SenWarren SenSanders some sounded familiar

34: as a concervative INDEPENDANT my soul deals in issues, anti abortion, but pro college debt cancelation and free college to legal citizens, but no green cards, pro Federal I'd and BLOOD testing every welfare for 1st and second generation legal citizens

This plan doesn’t do anything to lower the cost of tuition rates or discuss how college is paid for moving forward. And if wiping debt is so great, why not wipe all mortgage debt?

It’s more important that we reduce the cost of higher education and bring down interest rates. Vid is definitely worth a watch though

someone else will afford it,who?

No one takes this seriously. Not going to happen.

You remember the debt in the 80's with the Farm Crisis? Not only do we have the Student Debt Problem to we are having the Farm Debt again. Like the 1980s. This is a double whammy though.

$1,000,000,000,000 ... Would it mean more if more people understood how $1 gets created & why it has value? Is it important people think money is more important than health & education?

Ignore this weirdo!

The heavens won't fall and no one will die because of that.

Right there is a proposed 2% wealth tax on families worth 50million or more

Obviously that money would come from somewhere perhaps higher taxes

It would have to be paid back

Why is this still being talked about? Take out a loan, you pay it back. Simple. If you can't afford it, don't buy it. Yes I know what I just wrote, think about it.

i want my college reparations!

This is such BS Democrat propaganda talking points. How about you don’t take out a loan you know you can’t payback. Or get the government out of the student loan business and stop putting tax payers money at risk WalkAwayFromDemocrats MSNBC

Here’s what would happen if the US gave out free ice cream on Sundays

The banks would get a bailout almost three times bigger than the Bush admin gave them and the taxpayer would be stuck with the bill.

Typical student loan debt in Europe: None or less than $ 8,000.

What would change? Would we cancel the next student $Trillion, and onward. Dun the university’s funds which they have for athletes... have the same $$$ for Students

People would have extra money! That’s what would happen! What a Crazy idea..

Why not cancel the national debt?

Bad idea not fair to those of us who either paid off their debt of fonanced their kids or grand kids out of their pockets. Better idea reduce interest rates extend life of loan and lower payments. On future loans limit amounts that can be borrowed.

🤔

Where is my refund for the student loan I paid back? Paid off 5 years early, no late payments, do I get a bonus?

FFS stop pushing this student loan forgiveness narrative, it will never happen.

If anyone had sold investment plans with as little risk disclosure universities and professors do when selling investments in their education plans, and then the investments had soured, he would probably be trotting away to prison.

Insanity

Why cancel it? These individuals took out those loans, they should pay them back. Many used that money to do a lot of things besides pay for school. I feel some were misled about repayment options, but if you owe it, you pay it back, not taxpayers.

This is Big Educations fault. I think a class action suit is in order.

You cannot cancel the debt! That's is completely unfair to those millions who slaved away and paid off their debt. A fair solution is to CANCEL THE INTEREST tacked to these loans. The borrowers should only have to pay off the principal.

I paid mines off. It chased me for 15 years lol, I got tired of it. You can’t our run student loan debt. That shit stays with you until you die lol. Thank God I paid it off this year.

Cancel? Well i payd my student loans off so can we just cancel my other debt?

Taxes would go up

For the love of god. Go after the colleges that are increasing tuition EXPONENTIALLY over the years. There’s the root of the issue. Maybe stop charging kids $30k a semester plus $500 per textbook ? 🤔

Will my mortgage debt be forgiven, too? Will the student loans I paid back be retroactively forgiven? Where's my check?

What would happen? The burden of student debt repayment would be shifted from deadbeat students (who signed up/agreed to repay the loans and received the money / education) to people that pay their taxes, did not receive any loan money and did not sign up for these loans.

The real solution here is too make college more affordable. It's one of the reasons why I attended community college and stopped at an associate degree. No way in hell I wanted to rack up $65,000+ like most of my friends

is she dreaming.. she is telling stories...in a make believe world trying to get the youth to vote for her...

Everyone pays for REPUGS rich donors anyway!!!

According to The College Board®, the average 2014-2015 tuition increase was 3.7 percent at private colleges, and 2.9 percent at public universities. colleges is a great investment vehicle. Education not so much.

Assume this happens. Do new students that take loans get the same 50k?

haven’t heard what they plan to do for the ones who fought to pay them off in accordance with the contract they signed. might I suggest free ice cream for life?

“Cancelled”? You mean “give free money to people using taxpayer dollars”? I am so going back to school if government is giving our free cash

My depression gets cured

that amount would be passed onto every taxpayer in america. 'cancelled' = 'make someone else pay for it'.

It would be shifted to tax payers

Don't stop there. Cancel credit card and mortgage debt. Why are they special?

I didn't read it but does it cover what happens the year after all the debt is paid?

What would happen is , the rest of us that worked our asses off to do things the right way with integrity would want our Loan payments back too! Since when does the Government pay back peoples bad decisions....

Can Liz cancel my mortgage too?

What would happen? The burden of student debt repayment would be shifted from deadbeat students (who signed up/agreed to repay the loans and received the money / education) to people that pay their taxes, did not receive any loan money and did not sign up for these loans.

Debt SOLD to pension funds by federal government in a REQUIRED purchase.

It doesn't get 'cancelled'. It gets paid for by other hard-working, responsible tax payers FIFY

Sorry I've already paid!!! I'm not paying for theirs!!!

Just get rid of everyone's debt much easier and everyone is included. Oh yes and print free money and hand it out ...people actually consider this as a real idea omg

What would happen? The burden of student debt repayment would be shifted from deadbeat students (who signed up / agreed to repay the loans and received the money / education) to people that pay their taxes, did not receive any loan money and did not sign up for these loans.

Does any serious person think that the cancellations would stop at ' just' one trillion

90% of the debt is held by the government! You can thank Obama for taking over the student loan business and then driving up student debt. BTW: Why is the ridiculous cost of tuition never criticized.

Tuition would skyrocket.

Libtarded attempt at VOTE Buying.

How many times are you going to run this scare tactic propaganda piece⁉️Is CNBC in the business of student loans⁉️You weren’t screaming 😱 when the banks got bailed out which cost a lot more‼️

students will just spend without responsibility.

Nothing.

The economy would prosper.

We would borrow more money

It’s a tactic to buy votes

We’d go broke

A democracy will continue to exist up until the time that voters discover that they can vote themselves generous gifts from the public treasury.

Is this why she is warning that a recession is about to come?

Then we would Have a trillion dollars of income to report result we are still broke💩👺👹

Elected officials would would have to stop wasting taxpayers money...

TLDR. Inflation?

This is stupid political pandering!The consequences both known & unintended would be enormous. Not limited to encouraging walking away from promises to pa back debt,resentment of those who worked their way through college and those who paid their student loans & economic impact

We would all pay higher taxes and we would encourage “debt amnesties” every few years. College tuitions would go up. And even more than is not fit for college would sign up.

I'm feeling kind of burdened with my 30 year mortgage, what about erasing mortgage debt and giving all homeowners a fresh start too. 😆

Possibly we should teach kids about debt or prepare to bail them out ten years later when they buy to much house for their income

Why not cancel $1 trillion of U.S. debt instead

What would happen is you would buy LW votes, to makeup for the actual policing of the border loss of votes.

i would make it my life’s mission to reduce my tax liability to zero

I would be taxed heavier on my investment accounts. Kids who borrow money for college need to pay it off so they don’t effect my retirement.

'Cancelled'? Debit isn't a TV show...

That money is peanuts compared to trilions spend on waging wars all over the world...

So everyone else gets free college the. ?

in the UK there is over 3milllion students indebt and who can not pay.! this will cost over £600m

Giveaways. When you can't win their votes on merit, buy them.

The banks loaned the money which was guaranteed by the USA. They entered into a legit biz deal. They will want to be paid. That means the taxpayer pays the banks 1 trillion. The Bush bank bailout was only 600 billion and the taxpayers got that paid back. socialismsucks

Do I get a refund?

IT WOULD PUT A TRILLION DOLLARS BACK INTO THE ECONOMY.!!

A bunch of people would be pissed off for doing it the right way...

Make it a thing other then just a GD evangelist tweet!

They would learn to just vote for 'free' stuff.

An uplift at scale?

No thanks. There shouldn’t be a debate.

Someone would find a way for us to pay. Double your medication

They’ll send you the bill

ewarren is a 🌰 plain and simple

What a fluff piece. No responsibility for your decisions. What happens going forward. If you don’t have to pay back your loan it’s free college for all

Bad idea. It would set a terrible precedent. Also tax burden of that would be huge, for all residents. It would be unfair to those that did pay their debts. Tuition fees would increase. I hope that it doesnt end up happening.

Americans will still pay

What would happen? The burden of student debt repayment would be shifted from deadbeat students (who signed up to repay the loans and received the money / education) to people that pay their taxes, did not receive any loan money and did not sign up for these loans.

CODED YOU PAY GOVT OR YOU WORK FOR FREE

The U.S. has roughly $1.57 trillion in student debt!

Keep going

How come nobody said stuff like this when we bailed the banks out? It is like the devaluation of our currency is more important than a healthy and stable living environment. But why, have any of you mindless GOP fanboys ever asked why? Of course not, blind following is tradition.

Capitalism is failing because college and housing are too expensive for regular people. Regular people are 300 million people.

The solution is to make these universities that milked the students in the first place to refund a lot of that money. The university system has become a mechanism to fleece people, while its enriching the upper management.

I’d be able to buy more avocado toast and banana republic, that’s what would happen

Give back the money you got for college by posing as Native American and the promotions by affirmative action you got by posing. You’re a disgrace to every American

And then autos! And houses! And avocado toast! I deserve it!!!!

It's not 'canceled', it's 'cancelled'.

1) if they do a massive payout to all of the debtors, college tuition will skyrocket 2) if they just straight cancel it, the college bubble will pop and schools across the nation will close

How about they pay off mortgages for the people who dont have student loans? Unfair system!

That would be a true tax cut for the American people.

It’s not a subscription’ 😀

They need to. They do. The whole idea of student debt is against the core values of the declaration of human rights.

We'd be a nation of enablers.

They would have prioritized students over the wealthy. Quit playing

Don't use your savings for college! Get a loan you won't have to pay back.

But my beautiful CDOs!

You play you pay. You take out a loan why should we have sympathy on you. Student loans is not the American problem. Its a problem to people who have no financial common sense.

cancel Elizabeth Warren.

Regardless of what socialist progressive tell you .. Americans like to work .. your job might not be perfect, but sitting home and collecting “free” money is not the American way. Trump2020

Rejuvenate the economy. Dat spending power.

We could move on from tickling.

Bernie2020

People who never went to college would be getting ripped off with new taxes. And, people that met their financial obligations would be ripped off as well.

Is this the same person that has been complaining about bailing out the banks based on the same irresponsible behavior of running up debt?

Warren has no chance no matter how creatively she bribes voters

With huge endowment universities like Harvard can afford to provide free education to all of their students. but leftwing professors at Harvard dont practice what they preach. The professors are rich. Elizabeth Warren was paid $429,981 as a Harvard law professor from 2010-2011.

With huge endowment universities like Harvard can afford to provide free education to all of their students. but leftwing professors at Harvard dont preach what they sow. The professors are rich. Elizabeth Warren was paid $429,981 as a Harvard law professor from 2010 to 2011.

We already know. The same collection of slackers would just ring up another huge batch of personal debt and wait to be bailed out. Don't kid yourselves. Learned behavior...

It would be unfair to those who faithfully met their obligations.

we bailed out the banksters right? And here they are with ceos raking in record profits. Time to help someone besides the 1%

Student debt is a great guarantee that now, students-professionals will work diligently and return the debt!

Everyone keeps talking about the total debt for college exceeding credit card debt as if it is a bad thing. Financing an education seems like a better reason to incur debt than racking up high interest unsecured c card debt from random expenditures with nothing to show for it.

I guess spending $250k on a art history degree wasn't such a good idea....Morons🙂

My suggestion is work the polls.Everytime you work money is deducted.

You only just catching up with debt. Try government & housing debt.

Gonna take a wild guess here and say good paying jobs....

You still think your assets are secured on exchange you use ? Think again, Do not wait until it happens with your exchange and get a Ledger Nano X now.

If they got a degree they could actually use to get a job and pay back the debt they willingly took on .

your college professors are making money from brainwashing you to be left wing idiot. the professors are handsomely paid. the colleges are making milions and millions of dollars.

How about they pay it 1 month at a time instead of acting like victims of shark lending? Any help should be to assist w refi. Forgive? GMAFB they took it. They spent it. Pay it back. debt studentloans sorry too many kids go to collage TS

Fewer idiots trying to get degrees in areas of study where it is IMPOSSIBLE to actually earn a living?

Loans Loans Latest News, Loans Loans Headlines