This is the most important issue for me right now because I have $90,000 in student debt after graduating from a state school. Having never wasted/retaken college credits, having transferred in some credits from a community college, and having graduated with honors, I still never got sufficient scholarships to cover my $12k/yr tuition plus living expenses as an engineering student. My loan payments are over $700/month a time minimum. I don't know when I will pay this all off. This cancellation means the world to me, and the free public college is important for my future children.
She has my vote right now because she has the most developed policies of any candidate I've seen thus far.
https://medium.com/@teamwarren/im-c...blic-college-and-cancellation-of-a246cd0f910f
She has my vote right now because she has the most developed policies of any candidate I've seen thus far.
The first step in addressing this crisis is to deal head-on with the outstanding debt that is weighing down millions of families and should never have been required in the first place. That's why I'm calling for something truly transformational — the cancellation of up to $50,000 in student loan debt for 42 million Americans.
My plan for broad student debt cancellation will:
Once we've cleared out the debt that's holding down an entire generation of Americans, we must ensure that we never have another student debt crisis again. We can do that by recognizing that a public college education is like a public K-12 education — a basic public good that should be available to everyone with free tuition and zero debt at graduation. My plan for universal free college will:
- Cancel debt for more than 95% of the nearly 45 million Americans with student loan debt;
- Wipe out student loan debt entirely for more than 75% of the Americans with that debt;
- Substantially increase wealth for Black and Latinx families and reduce both the Black-White and Latinx-White wealth gaps; and
- Provide an enormous middle-class stimulus that will boost economic growth, increase home purchases, and fuel a new wave of small business formation.
Some people will say we can't afford this plan. That's nonsense. The entire cost of my broad debt cancellation plan and universal free college is more than covered by my Ultra-Millionaire Tax — a 2% annual tax on the 75,000 families with $50 million or more in wealth. For decades, we've allowed the wealthy to pay less while burying tens of millions of working Americans in education debt. It's time to make different choices.
- Give every American the opportunity to attend a two-year or four-year public college without paying a dime in tuition or fees;
- Make free college truly universal — not just in theory, but in practice — by making higher education of all kinds more inclusive and available to every single American, especially lower-income, Black, and Latinx students, without the need to take on debt to cover costs.
https://medium.com/@teamwarren/im-c...blic-college-and-cancellation-of-a246cd0f910f
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