2020 candidate Sen. Elizabeth Warren is proposing a student debt cancellation plan that would forgive $50,000 in student loans for Americans in households earning less than $100,000. mj_lee explains:
The term, which Vermont Sen. Bernie Sanders helped make mainstream during his previous presidential bid, has become a catchall for a variety of plans aimed at making college more affordable. "Some version of free or debt-free college -- or a bold proposal on college affordability -- is now the barrier to entry into this conversation," said Mark Huelsman, associate policy director at the liberal think tank Demos.
Warren's plan goes even further than making college more affordable to help those who already have student debt -- differentiating herself from the rest of the field. It would cancel up to $50,000 in student loans for households that make less than $100,000 a year, with the amount of relief getting gradually smaller as income level goes up. Households that make more than $250,000 would not be eligible for any debt relief.But not every candidate is embracing free college. Sen.
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