Elizabeth Warren, James Clyburn to release legislation cancelling $50,000 in student loan debt per borrower

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'The student debt crisis is real and it's crushing millions of people -- especially people of color,' Warren said.

they would be introducing legislation to wipe out up to $50,000 in student loan debt each for 42 million Americans.

The release emphasized the ability of the legislation, which will be introduced in both Congressional chambers in coming weeks, to alleviate loan debt taken on by individuals of color.

 

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This is great, really. But is there any chance I can get some of the money that I payed my loans off with back.

Republicans won't support it. Republicans only like socialism when its paying farmers

s_wade36

I just can’t believe people vote for TheDemocrats.

If you can’t win the publics vote on your platform then buy them!!

Never go to happen. Pandering to wimps.

Save social security, wont cost government a dime

ripping off their Lenders. Pay your bills! Trump gave you jobs

I worked to pay for my own tuition. I assume I’ll be getting a $50,000 refund right?

You see..the problem with this legislation is that..it will never happen.

I'm tired of bailing out people who signed a contract.

What about TEACHERS who have been legitimately paying for 20 years, and have spent as much as they owe in their classrooms....but can’t get any of the loan forgiven because they consolidated right out of college for lower interest rates?

morgfair Every time a 2020 Democratic POTUS candidate introduces a 'free stuff' program, POTUS Donald Trump gets closer to be elected for a second term. The majority of Americans work hard to earn what they have, so arbitrarily giving deadbeats free-bees is insane.

Thank you ewarren !!!! ImpeachTrumpNow

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Bill would wipe out most of the country's outstanding student loan debtDemocratic presidential candidate Elizabeth Warren isn't waiting for the election to push forward her sweeping plan to erase the majority of the country's outstanding student debt. 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?
Source: CNBC - 🏆 12. / 72 Read more »