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Elizabeth Warren Unveils $640 Billion College Debt Forgiveness Plan

Credit: Wibbitz Top Stories
Published on April 22, 2019 - Duration: 01:16s

Elizabeth Warren Unveils $640 Billion College Debt Forgiveness Plan

Elizabeth Warren Unveils $640 Billion College Debt Forgiveness Plan Elizabeth Warren wants to eliminate college debt for 42 million Americans.

Her proposal calls for the cancelation of $50,000 in debt for anyone with a household income under $100,000.

Warren believes the burden of student loans has a negative impact on the U.S. economy.

Elizabeth Warren, via β€˜Medium’ The cost of the debt cancelation would be covered by her proposed Ultra-Millionaire Tax, which calls for a 2% annual tax for families with over $50 million in wealth.

She also proposed her plan for universal free college, calling for public colleges to be free of tuition and fees.

Elizabeth Warren, via 'Medium'

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