.
Under the proposal Warren released as part of her presidential campaign in April, borrowers with a household income of less than $100,000 would have $50,000 of their student debt cancelled and borrowers with an income between $100,000 and $250,000 would be eligible for some student debt cancellation — though not the full $50,000. Borrowers earning $250,000 or more would receive no debt cancellation.
But that doesn’t mean it’s not without controversy. In the past, critics of the idea of student debt forgiveness have argued that it would benefit well-off borrowers the most because they’re more likely to have higher debt loads. Warren’s proposal aims to address these concerns by tying the level of forgiveness to the borrower’s income, though some analyses have found that borrowers in the second-highest income quintile would receive the largest share of total debt relief as measured by dollars.
& if you believe this will happen I have some Madoff pyramid futures to sell you. Liz pandering millennials in her remote chance for a Presidential bid.
Where’s money for the rest of us who worked and paid ourself through college?
Not normally the kind of thing I’d support but I do think that getting recent grads out from under debt and, instead, spending is the single best economic stimulus we could ask for. 1,000 times more effective than the BS tax cut last year.
Really? Why not have the Universities cancel how much they charge? Why do tax payers have to further subsidize college. It was not our decision for their debt! This is a sick trick...
No! People make decisions to take on debt for all kinds of reasons, are you going to cancel those debts too?
geez this woman is dense!!! the solution is to form a class action against the con artists that duped these idiot kids into the loans in the first place. these universities need to be held accountable and from what i hear they have huge endowments that will fund the settlements.
Literally buying votes. Smh
Can I get that retroactively back to 1986?
Free money Free money “Cancel” student debt has unconstitutional written all over it 😂😂
Oh my who is going to foot that bill? Any consideration if BOZO majors that were chosen by the students with no hope of a job to pay back their loans?
Is she speaking on behalf of all Native Americans? SenWarren Pocahontas
Thank you Elizabeth!
Its in the last 15 years or so that student loan debt ballooned in amount exceeding trillion dollars. It has been totally out of control leading to increasing college tuition way past inflation. Nobody put the brakes on this.
So if you don’t have $50k in debt, go get you some quick...
Its in the last 15 years or so that student loan debt ballooned in amount exceeding trillion dollars. It has been totally out of control leading to increasing college tuition way past inflation. Nobody put the breaks on this.
Its in the last decade that student loan debt ballooned in amount exceeding trillion dollars. 60% Americans never had one, and 23% paid them off. I paid mine off $1600 from 70's that was nothing! It has been totally out of control leading to increasing tuitions way past inflation
Beer drunk college kids? What about the DEBT of the HARD WORKING NON COLLEGE EDUCATED people? Why are they any less worthy? fairness Please SHRED this self serving MAFIA IDEA she has here and get it out of the way. If people PRIVATELY want to pay for this debt = then do that
Why did I bother paying mine off?
So I should pay the minimum for awhile then?
You keep posting this article and I’m going to continue to keep asking, what does Grim Reaper Mitch think about this? Lol
She understands that money is fungible right?
Who’s going to pay for that Pocahontas? 🤔
Can't wait to receive my $10k check in the mail since I already paid off my $10k student loan.
Yeah yeah .... Vote for me I clear your debts baby
Is anyone tired of lying (fake Indian) career politicians (note the ever increasing personal wealth as public servant) gleefully pandering for votes by handing out borrowed taxpayer funds which she will avoid personally repaying via tax loopholes she voted for!!
Cancellation of debt should be up to the creditor, not some fake Indian.
Wait a few months! i can surely get a loan approved and funded before the fall semester! And better yet tell the oldest the gap year is over time to speed up enrollment!
I'm 51 years and just had a disabling injury that ended my career. So does that mean I can get $50000 in free tuition to find a new job?
What about the ones that paid off their loans? Will they see some money coming back to them?
Who is paying for this LOL
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!
Don't charge the taxpayers for it. Charge the colleges. Or Here's a novel idea, Make the actual ADULTS that took out the loans pay them back.
Bullish on the housing market if this thing passes.
Spoiler alert, ... She won't become president. Ever.
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