April 23, 2019
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16:12Now PlayingElizabeth Warren is on a mission to end student debt! Cenk Uygur and Ana Kasparian, hosts of The Young Turks, break it down. MORE TYT
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"Massachusetts Sen. Elizabeth Warren has issued another big policy proposal as part of her campaign for the Democratic presidential nomination in 2020. This one concerns higher education.
Warren proposes that the federal government write off hundreds of billions of dollars in existing student loan debt.
The amount of debt that would be eligible for forgiveness would vary by income, but an independent expert analysis submitted as part of her plan suggests that three-quarters of households would see all their federal student loans forgiven. In addition, the analysis notes, getting rid of this debt would reduce the racial wealth gap.
The debt cancellation plan, according to her post on Medium, "cancels $50,000 in student loan debt for every person with household income under $100,000" and "provides substantial debt cancellation for every person with household income between $100,000 and $250,000."
Hosts: Cenk Uygur, Ana Kasparian
Cast: Cenk Uygur, Ana Kasparian
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Young Turk (n), 1. Young progressive or insurgent member of an institution, movement, or political party. 2. A young person who rebels against authority or societal expectations. (American Heritage Dictionary)
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