Warren’s student loan plan targets 42M borrowers

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Warren’s student loan plan targets 42M borrowers
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Elizabeth Warren is raising the bar for her fellow 2020 hopefuls from free college to mass loan forgiveness

The proposal, which was announced on Monday, injects a new idea into a Democratic primary field already debating progressive ideas on the Green New Deal and "Medicare for All." But Warren’s plan is also prompting charges from the right, and even some corners of the left, of a massive and unfair giveaway that would benefit students who racked up debt to attend expensive schools instead of those who saved for college or picked less pricey options.

By signing up you agree to receive email newsletters or alerts from POLITICO. You can unsubscribe at any time. “It certainly is an ambitious proposal,” said James Kvaal, a former Obama White House education adviser, who now runs The Institute for College Access and Success, a non-profit. He said the debt cancellation idea is a proposal for “redistribution of wealth more than it is a higher ed policy.”

Several other 2020 contenders have already sought to distance themselves from calls for free college as a way to burnish their more moderate credentials. Minnesota Sen. Amy Klobuchar, for instance, has said she’s opposed to making four-year colleges free. And South Bend, Ind. Mayor Pete Buttigieg has also been critical of such plans.

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