Scott Olson/Getty Images

Sen. Amy Klobuchar (D-Minn.) announced on Monday she plans to "get something done when it comes to student loans," but it doesn't involve eliminating debt or making four-year public colleges tuition-free.

During a CNN town hall in New Hampshire, the 2020 Democratic presidential candidate told university students in the audience she wishes she could "staple a free college diploma under every one of your chairs," but that's impossible and she has to tell them "the truth."

Instead, Klobuchar said under her plan, Pell Grant programs would be expanded, community college would be free, and graduates would be able to refinance their student loans. "Everything that I have proposed to you, I have found ways to pay for it that I think makes sense, that we can actually get done," she said.

Earlier in the day, another Democratic presidential contender, Sen. Elizabeth Warren (D-Mass.), revealed that she has a plan to get rid of student loan debt for tens of millions of Americans while making two-year and four-year public colleges tuition-free.