Sen. Elizabeth Warren (D-Mass.) is looking to eliminate all student loan debt for tens of millions of Americans.
The 2020 Democratic presidential candidate unveiled the details of her plan in a Medium post on Monday, calling for the cancellation of up to $50,000 in student loan debt for those with a household income of less than $250,000. Those making below $100,000 would have $50,000 forgiven, while those making between $100,000 and $250,000 would be entitled to $1 forgiven for every $3 above $100,000. For example, she says someone with a household income of $130,000 would have $40,000 canceled. Those with a household income of more than $250,000 a year would not have debt eliminated.
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