Elizabeth Warren proposes canceling billions in student loan debt

U.S. Senator Elizabeth Warren, who is seeking the Democratic nomination for the 2020 presidential election, wants to cancel billions of dollars in student loan debt and make college cheaper for students going forward. Warren, in a post on the website Medium, proposed canceling $50,000 in student loan debt for anyone with annual household income under $100,000, which her campaign said would amount to 42 million Americans. Warren, who has long advocated in Congress for providing debt relief to students, called student loan debt a "crisis." She said canceling debt for millions of people would help close the nation's racial and wealth gap, and also proposed making all two-year and four-year public colleges free.

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