Americans owe $1.6 trillion in student debt. Here's where the top Democratic presidential candidates stand on the isssue:
. Planning for the cost of college is taking an emotional and financial toll on families.
These four all have different visions of how to tackle the student debt crisis, as do the other Democratic candidates. Still, the candidates fall roughly into two camps. This legislation would cancel all $1.6 trillion in student debt held by 45 million people in the U.S., including debt held by parents and private debt. Borrowers wouldn’t have to pay taxes on the forgiven debt, which would normally, under the U.S. Tax Code, count as income.
In addition, Sanders wants to provide Pell Grants to low income students to cover non-tuition related school expenses, including housing, books, supplies and transportation. He would require states and tribes to cover any expenses low-income students still have after receiving free tuition and federal Pell Grants.
“If Wall Street can be bailed out for several trillion dollars, 45 million Americans can and will be bailed out of the $1.6 trillion burden of student loan debt and we can provide free college for all,” Sanders wrote on his website laying out his student loan forgiveness plan. “Some 40 countries throughout the world have imposed a similar tax, including Britain, South Korea, Hong Kong, Brazil, Germany, France, Switzerland, and China.
Brasil Últimas Notícias, Brasil Manchetes
Similar News:Você também pode ler notícias semelhantes a esta que coletamos de outras fontes de notícias.
What to Watch For in the Houston Democratic DebateThe winnowing phase of the Democratic primary kicks into high gear Thursday in Houston when the top presidential candidates debate together for the first time.
Consulte Mais informação »
Marianne Williamson says 'system is even more corrupt than I knew,' suggests DNC, RNC trying to 'dictate' democracyThe Democratic presidential candidate argued that Republicans and Democrats 'should facilitate the process of Democracy [but] not in any way dictate the process.'
Consulte Mais informação »
Pete Buttigieg: Everything you need to know about the 2020 presidential candidateEverything you need to know about Pete Buttigieg ahead of ABC News' DemDebate in Houston: Full coverage begins TOMORROW at 7pm ET on or on all your favorite streaming devices.
Consulte Mais informação »
As debate host, multicultural Houston showcases nation’s demographic shiftAs ten presidential candidates arrive in Houston for ABC News' Democratic debate, Houstonians say the city represents America’s future.
Consulte Mais informação »
Andrew Yang: Everything you need to know about the 2020 presidential candidateEverything you need to know about Andrew Yang ahead of ABC News' DemDebate in Houston: Full coverage begins TOMORROW at 7pm ET on or on all your favorite streaming devices.
Consulte Mais informação »