During the second Democratic debate, several candidates were questioned about student-loan forgiveness. Candidates including Joe Biden and Sen. Cory Booker (D-N.J.) offered ideas of how to help those with high debt burdens, but one candidate in particular, Rep. Alexandria Ocasio-Cortez (D-N.Y.), didn’t think it went far enough.
Elizabeth Warren, who is running for president against fellow Democratic candidate Joe Biden and others, spoke on Thursday about expanding upon President Barack Obama’s efforts
It’s now time to level with America about what’s going on and offer some solutions. First, we have to do something about crushing student loan debt by making public colleges and universities tuition free. We also need to forgive all student loans that are currently in repayment so that someone can get an education without being crushed by their debt years down the line. We’ve got more than 700 billionaires in this country who owe no income taxes, but there are millions of people struggling under not only our current system but also with trillions of dollars worth of crushing outstanding loans that were made before it was clear how profoundly broken it was.
The Massachusetts senator also voiced her support for a congressional bill introduced by Sen. Bernie Sanders (I-Vt.) that would allow public universities to reduce tuition and fees for students who commit to working in fields related to national service. This includes areas such as teachers, police officers and early childhood educators. The legislation also requires colleges to improve access to their courses and universities with endowments greater than $1 billion must provide free tuition on at least 50 percent of its undergraduate slots. In addition, Warren called upon lawmakers to eliminate income caps on student loan borrowers. These changes would apply not only to existing loans but also future ones made after July 1, 2019.
Elizabeth Warren, the Massachusetts Democrat with an ambitious plan to cancel most American college student loan debt, called out her chief rival Tuesday night.
AOC called out Biden on Thursday for not providing full loan forgiveness. In what she described as her slow burn response, AOC urged him to work towards making his plan fairer by forgiving all debts once borrowers reach $50,000 or 10 years in repayment. This is where we disagree, AOC tweeted. All outstanding loans should be forgiven at $50k and not just the ones going forward.
Warren’s plan would wipe out $50,000 of outstanding student loan debt for every person with qualifying loans who makes under $100,000 per year and files taxes. In other words: anyone making less than six figures. The plan would also give Americans making up to $250,000—and couples who make up to $500,000—$50,000 in loan forgiveness. As Vox noted when Warren first announced her plan last month: The idea is almost like universal basic income (UBI) but instead of money it’s debt cancellation. AOC also called out Biden on Thursday for not providing full loan forgiveness.
As part of his 2020 campaign platform released last week, former Vice President Joe Biden proposed broadening two existing programs that allow borrowers who already have loans to reduce their monthly payments as well as providing immediate loan forgiveness once they die or become permanently disabled.
Joe Biden released his 2020 campaign platform on Monday and it focuses on student loan relief. Joe Biden proposed that borrowers who have existing loans should have their monthly payments reduced and receive immediate loan forgiveness when they die or become permanently disabled. Under this proposal, up to $25,000 of a person’s eligible loans would be forgiven at once. But Alexandria Ocasio-Cortez says there is still room for improvement because not everyone can get by with such small monthly payments. AOC vows to keep pushing for more student-loan forgiveness and questioning if one man will be able to solve what she sees as an epidemic.
Alexandria Ocasio-Cortez seems to be still unsatisfied with Joe Biden’s solution. Her and other progressives feel that one man will not be able to solve what they see as an epidemic and say his solutions are not enough. She vows to keep pushing for more student loan forgiveness and questioning if one man will be able to solve what she sees as an epidemic.
More people have been paying attention to AOC after her debate with Joe Biden last week. Many see her point about how much power it takes to have someone who is in so many influential positions because he has held so many different roles. There has been speculation that she might run herself in 2020 or 2024.
When Elizabeth Warren says she wants tuition-free public colleges and universities throughout America, what does she mean?
Elizabeth Warren released her presidential campaign plan to lower student loan debt and provide tuition-free public colleges and universities. What does she mean? She is calling for universal access to higher education. Warren aims to eliminate tuition at all two-year and four-year public colleges and universities throughout America by using federal grants, state grants, or matching contributions from states.
Warren estimates that every middle class family with an annual income under $150,000 will pay no tuition at these schools and that families with incomes up to $175,000 will see only a modest increase. In order to finance this plan Warren wants to impose a new tax on individuals earning over $50 million dollars per year.