Bill would wipe out most of the country's outstanding student loan debt

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Elizabeth Warren will introduce legislation to cancel student loan debt for most borrowers

Democratic presidential candidate Elizabeth Warren isn't waiting for the election to push forward her proposal to erase the majority of the country's outstanding student debt.

Democratic presidential candidate Elizabeth Warren gestures as she speaks during a campaign stop at George Mason University in Fairfax, Virginia on May 16, 2019.Democratic presidential candidate Elizabeth Warren isn't waiting for the election to push forward her proposal to erase the majority of the country's outstanding student debt.

"It's time to decide: Are we going to be a country that only helps the rich and powerful get richer and more powerful, or are we going to be a country that invests in its future?" Warren said, in a statement.credit card or auto debt levels. Today, the average college graduate leaves school $30,000 in the red, up from $10,000 in the 1990s. Nearly one-quarter of borrowers are in delinquency or default.in April, Warren introduced her campaign proposal to eliminate student debt.

 

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Where do I sign up for a refund for the student loan I had and paid off when I graduated from college🤣

Make it happen sissssssss 🙌🏽

Great! I can't wait to get reimbursed for my cost of the BS and MBA paid for out of pocket in past years. I'll vote for her?

That's called bribery! Democrats sure know how to spend OUR MONEY!

Be realistic. Double the deduction and eliminate the income limitation.

Let’s just stop ALL STUDENT LOANS! You either pay cash or don’t go!

That bill would be taxpayer funded.

Sorry. No take backs. 🤪

go to college and get a job to pay for the cost of going? How rough is that? Get a nice car, get a job to pay the cost of the car, how rough is that? The American way!!

Or why not limit the interest rates? Why not make private student loan interest tax deductible? have Sallie Mae loans, which are private. I had to take out private loans because I went to a private school. Private student loan interest is non-tax deductible.

I'm not paying for that.

Incredible. A trillion$$ bill. What the fuck

Communist vote buying at its best.

Most? Not enough

Remote and strike.

Insanely poor idea

Okay...doesnt that mean everyone else pays? No offense to those with student loans but didn't you know what you were doing?

Who pays? Taxpayers again?

That sends the wrong message. People need to accept respondibility for the choices they make. Nobody forced these folls to take out loans.

She has to buy votes. Pathetic.

30+ yrs in office with false promises and here’s pocahontis with the latest sheep herding grain.

Who will pay?

Seems the measure would only affect people who have accumulated over $50 million are affected: 'The plan would be funded with a 2% annual tax Warren proposes to levy on accumulations of wealth exceeding $50 million, with an additional 1% on wealth exceeding $1 billion.'

What about all the kids who actually got a real job and paid off their student loans Pocahontas?

Who will then pay the student loan debt not the taxpayers of America .the kids that went to college should get a second job

Then who would pay the loans off...the already-overburdened taxpayer?

America is becoming a trash heap.

Hidden in the bill is the fact that you will get 1/1024th of your debt cancelled.

Umm excuse me, we have urgent stuff to deal with lady.

Super woman

This should be classified as as an attempt to “buy votes” and should be illegal.

Can you cancel my mortgage as well?

That's great after that she can pay my mortgage. What the hell is wrong with this lady?

What would we do if someone ran and said you get $10,000 for anyone who votes for them

Does she mean just for her tribe? 🙄

What will she offer to those who paid off their loans?

And b4 that let her cancel my mortgage

Classic and pathetic, ‘let me buy your vote’ strategy. There is a sucker born every minute so we now know where she get’s her 14%.

So colleges will have to consolidate ?

add GPA requirement to this College is not a vacation. It is an investment. Those young folks right out of high school who “skip” class, live on campus and party it up and act irresponsibly and drop out hurt this process. Good grades should equal more grants and scholarships.

REALLY POCAHONTAS!

Windfall 101: what's in it 4 those whom played by the rules....? ( The Tab and a slap...?)

Load up before it’s to late!

Ben voyons... et qui va payer au final, l'état, heu pardon, le contribuable. C'est donc repousser le problème plus loin.

If you only had a brain...

Tell me more. I want details 👀

Who is paying that debt? Or, is she asking the lenders to eat it?

Next AOC will introduce a bill making ILLEGAL to rain on USA.

Retroactively, correct? Is there a form I will have to fill out to get my rebate?

hey, print some money for me two

Can we stop bailing out everyone and everything. They flaunt it like it's the politicians money. Nope, taxpayers money

Are you going to pay off the debt? Come to think about it, I'd like to see your actual school records. Did your folks buy your so called degree?

What a joke😂 just keep saying nonsense continuously

She supports people not being responsible for their decisions to loan themselves up and pay it back. Give them three squares in debtors prison.

Vote for me and your debt is free...

A well meaning proposal

Classic pandering and epic fail coming!

Buying votes should be illegal. Oh it is. But this is a loop hole. So stupid.

Idiot

Both college tuition and healthcare costs have gotten out of control. Instead of printing money, why not encourage states to experiment with economic drivers to reduce costs and create greater competition.

$1.4 Trillion dollars ain’t even that much

$btc time to buy some student loan bitcoin boizzzzz

To what horror do we owe this? What a bunch of shit. My friends and family want our fucking money back if you do. Even Obama wouldn’t be so bold to try something this stupid.... and yet here we are... in a financial climate where debt abusers think this is a good idea.

Total horse shit!

So she helps the ones who have not yet paid back? What about the ones who already paid back loans? What about those of us who chose not to go into debt to begin with? What do we get for working our way through school or choosing a college without exorbitant cost?

Ridiculous

Unrealistic to write of millions..govt should provide more job oppurtunity and good wages so they can pay back...they are people make money and can paid their loan but choose not to do so.

In fantasy land...

Mitch shows his grin.... not going to happen. I paid for my college using the GI Bill and now we are just giving $hit away. Earn it

lol - Why even give her a headline for this blather? It will never pass a vote and is merely a desperate political stunt to buy votes with free play-time from big media companies.

I love how the democrats are trying to give something away at each campaign stop. You get a free ____________. √

Is CNBC socialist now. I thought they were for Capitalism?

I'd like my mortgage cancelled too. Also a million dollars And free food for life. And a car.

Can I get a refund for paying mine? It’s only fair.

As someone who paid my loans (over $50K worth before interest) in full, on time, and as agreed, I STRONGLY oppose this ewarren

So I get to pay back student loans twice. Once for my own and then for someone else through my tax dollars. No thanks.

I'd like my mortgage cancelled too. Also a million dollars And free food life. And a car.

Buying votes.

Wouldn’t it be wiser to control the cost of state university tuitions and give priority access to in state citizens rather than let tuition spiral out of control thanks to excess loans?

She wanted to hurt one group American family to help another group American family and get her elected. She does this for herself, not good for America!

WarrensDone

That’s all well and good. I’ve been paying off my student loans for the past ten years. I’m four years away from zeroing them out. In addition to my remaining balance being expunged, can I also be reimbursed for the balance I did pay off?

Good luck with that!

And who pays for this?

That’s really dumb.

DOA. Another publicity stunt. Next.

How bout home mortgages?

More free stuff!!!

Guess I’ll be taking student loans out for the hell of it

She's not cancelling any debt. She is just transferring it to taxpayers.

I will lick this bitch’s box and BH for an hour if she pulls it off

“Wipe out” appropriate verbiage...

52K Try 270K, that’s how much my daughter owes from grade school and paid for undergrad.

Cancel all bail outs or public subsidies for private profit companies. Take no corporate money.

And who is going to pay for that? I paid my loan off and made money. What if I decide to just stop paying my taxes.

When will someone cancel the National Debt of The American Taxpayer?

Great the primary’s are now an Oprah favorite things special

you need the votes of the pariah students

That's what I'm talking about. Do something for me FIRST, and THEN I'll vote for you. I'm not voting for pie-in-the-sky soon-to-be broken promises (e.g., a wall that Mexico will pay for, or draining the swamp).

Don't get a liberal arts degree unless you want to work at a restaurant.

Now my online degree in fashion history isn't a complete bust. Thank you Senator Warren!

My kids start school in 2 years. Can we get some pork too?

Whatever happened to personal responsibility? When they can’t pay their future mortgages we should forgive that too?

I'll DM her with my address for the refund check

Buying votes that will never transpire.

And ur going to give all those who are responsible and payed there bills there money back

I guess they had to get a degree to figure out what loan meant

Yertel will ensure that the taxpayer won't pick up the tab for 8 years of underwater basket weaving (useless degrees). Just allow STEM graduates to discharge student loan debt in bankruptcy.

Take more of my earned income.... fantastic! I need my AC unit paid for... anyone? When will the idiots become responsible for their choices and stop blaming the workers?

Start the printing press$$$$$ How many more things the demos going to give away for votes Not realistic!! stoptheinsanity larryelder RealJack realDonaldTrump

Sweet now no one has a reason to vote for her

Pandering Liberal lunacy

And for those of us who saved and saved to pay these costs out of pocket, I’ll send you the receipts. 👌👌

All aboard the pander express

I like her but that is ridiculous. People smart enough to go to college should be able to figure out the probabilities of what they will earn and interest rates. This is pandering to a high degree.

And the pander queen award goes to..............

😠😠😠😠😠

So, I get a refund since I paid mine off right?

Elizabeth is the only one who cares about average American

Can’t wIt

Promise the world

Does her legislation include international students? They pay the most absurd/outrageous tuition of anyone. Senate/representative🤔JOB HOG!

Nah

Hmmmm, doesn’t college promise you financial success? Why are so many people going and not gaining the success they need to pay their debts? If college doesn’t bring in the big bucks what’s the point? And why are they selling it for 250K with little return per investment?

I paid mine myself......so should everyone else....although zero interest would help everyone tremendously.

Introduce legislation to vote you need a credit score of 700+ and throw in some term limits also.

Can my wife and myself get our paid back loans plus interest back?

No she won’t because she won’t get elected

Until then there’s the free givling app that pays off studentloans. Use givlingcode KG980970 to start playing. studentdebt studentloan graduation

More for the tax payer to pay. How about teaching financial responsibility

How about everyone who made poor financial decisions in our youth?

In exchange for your vote of course. Awesome. The rest of us tax payers paying for MORE $hit

This is NOT the responsibility of taxpayers. She should be pushing the liberal think tanks (universities) to do this with their multi billion dollar endowments though

Bribery for votes ...

I’m going on a 4 year vacation with student loans

This isn’t even 1/2024 of a good idea

I hope she has her checkbook handy.

So everyone gets a free ride. Sounds like socialism Ms. Warren.

Why did she wait until she ran for POTUS? Just become a problem now? What was her pay/workload at Harvard?

“Alexa, what’s a clickbait headline that will bring me back into the conversation?”

When being a dead beat finally pays off. Sweet

I don't agree with wiping out student loan debt. They signed up for it, they should put on their BIG person pants and pay it back. But make payments reasonable - based on a percentage of income - and offer a free personal finances management course to all with student loan debt.

Wow, Bernie Sanders wants to destroy the health industry and Warren wants to destroy the banking industry. Goodbye America. Anti- MAGA

I paid for 2 kids to go to college and now I have to work until I’m 80 to retire then I will probably have to pay taxes on my retirement savings that when I invested I was told I would not have to pay ! What’s next ? Pay your own debts! No more I’m done paying for others. ENOUGH

What do the people who were responsible and PAID their loans back get?

Why not give all students a participant award.

We need to bring back responsibility in this country. If people don’t think they can pay a loan back..... you don’t take the loan out!!

What’s the title? The “ Student No Resposibility Act” ?

BernieSanders lost the voters after giving voting rights to criminals in jail. ewarren SenWarren will lose voters after this legislation rewards people who made poor choices while punishing people who followed the rules.

Wow Dems are desperate for votes , no policy proposal ? Just ' vote for me and I'll give you free money ' how dumb do Dems believe their followers are ? VERY !

Hahahahahahahahahahahah

Liz, can I have back the 14 years I already paid?

Almost worth it (I said almost) if every university published the initial salaries and placement rates of every major. Basic problem: People made highly leveraged investments in an intangible asset of (often dubious) value. I don’t see Liz suggesting efficacy though.

And how do you do that? Who pays the bill?

How do I get the money I paid back? I worked my butt off to dig out of the hole. I should have just held on and waited for a bailout. Hypocrite

Jittery Warren (whom I can’t even look at or hear her voice) is truly obvious as far as her vote buying, amongst many other mix-master non-thoughts is 100% Assjack !!!

Thats one way to get votes. What about the debt though?

Liberals, buying votes, want free ride on tax payers, go to Communist country. Lose your freedom too. Baby boomers had to pay for their education. BS.

🙌🏼

I wonder if I can submit and get a refund for the master's degrees that I paid for in full on my own? That would be awesome :-)

Who is she catering to? The entitlement class.

What a coo coo bird 🦅

She is playing towards the Millennial Nation of worthless, lazy ass losers! Instead of WORKING to pay off their loans like the rest of us, they scream 'Socialism' in a desperate attempt of self preservation and forgo basic responsibilities & mooch off others success & hard work.

I was such a sucker for saving for my kids education. I should have partied more, taken more and better vacations, maybe driven a sweet ride. wherearemyfreebies

I 'prepaid' my student debt by serving four years in the military and then using the GI Bill to pay for most college expenses. Who gets stuck paying for the cancelled student loans? Me, and other taxpayers who were responsible. Ridiculous.

she better include a section where I get a 64,000 check to get retrained in a blue collar trade...Im thinking heavy equipment operator then crane operator then welder...about 40K plus campus accommodations in WI, meals, etc...make it a cool 75K

All she can do is buy votes What a joke I want my tuition money back

And will those that have paid back their debt get a refund

What about us that paid off over $200k of loans in the last 6 years? We get the good ol finger as usual?

Absolute insanity. Grounds for impeachment for irresponsible and reckless use of public funds. Why students? Why not veterans or poor homeowners with mortgages or single mothers with loans? DemocratInsanity

Ya cancel student debt, ya make University FREE.. and then all that hard work/study goes down the tube! What sounds good will bite ya-Sorry, but ya don't get Nothin' for Nothin' and ya don't get a Free Lunch or Free Grades or Free Degree. This Won't FIX_it but will Make it WORSE!

We have a 22 trillion dollar debt, enough already,someone talk about this.

We need to teach kids fiscal irresponsibility. As JFK said 'Ask not what you can do for your country. Ask what your country do for you.'

We

How to win junior high class president- Vote for me and get free stuff!!!!! Do I get the money back that I already repaid for my student loans as a responsible adult?

I wish someone from would ask her how in the world she can justify rewarding irresponsibility?

A bad financial decision by the students wiped under the rug? Why not be responsible for your own decisions. Was able to pay off students loans 22 years early because we buckled down and lived well below our means. It’s called being responsible!

Absolutely not..

Well, I didn't take loans and worked my ass off making large sacrifices for education. How about giving me a credit then? ewarren

Great way to buy votes.

Ironic, since she is a professor who has made 400k a year ripping students off. Hipocrisy is astounding

You can’t cancel student loan debt and then still allow student loans to be given. Who the Fu&k is going to pay their student loans now?

DNC new motto - BE ALL YOU CAN BE with little Johnny's savings Obama paid the enemy for a traitor/bergdahl, made Americans pay for victims of terror attack/Iran, ChuckSchumer gives $27 million to illegals but not a penny to help Veterans, Warren make families pay for bank fraud

Can’t wait to see how she’s going to pay for it.

So basically this is a big scam to bail out universities. Give me a break. Universities increase tuition at 3 times the rate of inflation. Wake up, people. THIS IS WHY TUITION IS OUT IF CONTROL! Student loans. Period.

This is a gift to well off millennials

Well that’s her out of the race.

DONT GET HIGH ON YOUR OWN SUPPLY

👋 over here. Can I get some retroactive love

It sounds like Senator Warren is attempting to take the responsibility of paying back debt of those that made poor/uneducated financial decisions, and wishes to place it on those who it seems have made sound, financial choices?

That’s called moral hazard. Why the F would anyone pay their student loans down the road? This is a joke.

Typical politician, do what gets you votes, not what is correct.

Democrat Definition of “Free”- We will make our political enemies pay for your stuff if you vote for us.

vote buying at its worst

A terrible policy from ewarren. So many better ways to address income inequality. In many ways, this punishes those that have made good decisions and benefits many who haven’t.

Is this the debt they received by taking loans from the Government? Yes so Warren & Congress should never be allowed to make another loan for any reason if they will then lose tax payer $$!

Since you're giving out money I would like some liz. I know I graduated a while ago and paid off my loans myself but why should that matter. Pay me.

ewarren, so anyone can lie, sign their name to study, promising to pay it back, maybe get a degree or a degree that collects dust - cheat the bank out of money - that hurts account holders and collapses the financial industry - and you'll cancel it out? Asking for a friend.

Will she or her husband give back the money from their professor salaries that were funded by these loans?

You mean she introduced a bill to increase college tuition by 50%?

I have plenty of student loan debt. Take your freebee and shove it up your ass. It was my decision and I dont expect everyone else to pay for it. ewarren Liewatha Fauxcontas

Why stop there? What about home loan forgiveness? Cancel car notes! How about pay off boat loans? This is why you have zero chance at becoming president.

I paid off all of my student loan debt years ago. Can I get reparations from those whose debt will be canceled?

It may partly explain why she has overtaken Sen. Bernie Sanders as presidential candidate in recent polls.

And that is Crap with a capital C.

Fantastic, I paid for my husband's college now I guess I can enjoy paying for other ppls because my guess is the bank isn't just gonna wipe it off their books and say we're good.

In related news, banks just raised interest rates on loans to 10% to recoup losses of their student loan portfolio.

Don’t be taxing me more for your crazy ideas... free free free ... I work for my money not like you .

I would like my mortgage canceled instead.

So I paid my student loans, paid my kids tuition, and now I get to pay for everybody else. Seems fair.

This still doesn’t answer what types of loans would be forgiven, what happens to those who refinance from high interest rate government backed to lower private loans? Are those included?

SenWarren you're not cancelling... just transferring onto the rest of the taxpayers. The debt is still there... Just a political ploy to get votes

Who's paying for it? Stop raising our taxes! ewarren

Make working Americans pay for it by raising taxes to keep the banks from collapsing? Like Obama giving Iran back money frozen during the Iranian Hostage crisis then making American pay not just Hostages, but their wives & every child a high amount by slipping it in the budget?

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