Elizabeth Warren proposes elimination of existing student loan debt for millions of Americans, part of a sweeping set of education funding proposals.
is proposing the elimination of existing student loan debt for millions of Americans, part of a sweeping set of education funding proposals announced as she and other presidential candidates seek to differentiate themselves in a sprawling field.
Many in the growing field of Democratic candidates have proposed reforming the nations student loan programs, including dramatic restructuring of existing refinancing structures, but Warren appears to be the first to propose flat-out debt cancellation. Warren and others in the field, including Sens. Cory Booker, Kirsten Gillibrand and Kamala Harris, are backing the , a bill that would cover all costs for students attending a public college without necessitating loans.
Tuition-free higher education was a mainstay of Vermont Sen. Bernie Sanderss 2016 presidential run. Warren, Harris and Sen. Kirsten Gillibrand, another presidential contender, all signed on as co-sponsors of Sanders 2017 , which would have allocated 47 billion annually to states to cover two-thirds of the tuition obligation, leaving states responsible for the rest.
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