Sen. Warren's plan calls for eliminating student loan debt of up to $50,000 for households making under $100,000 annually, which would apply to around 95% of borrowers and wipe out debt entirely for 75% of borrowers.
calls for eliminating student loan debt of up to $50,000 for households making under $100,000 annually, which would apply to around 95% of borrowers and wipe out debt entirely for 75% of borrowers. She said she would finance it through her wealth tax.all of the $1.6 trillion of student loan debt in the U.S. held by 45 million Americans; the plan would include all private and graduate school loan debt and would apply to all persons regardless of income.
Some voters also take issue with whether perceived bailouts are the answer and if it would even address the root cause of the national student debt crisis.on Friday, Warren responded outlining her plans to cancel debt. She added,"We want to be an America of expanding opportunities, not an America that's cutting off opportunities."
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