Senator Elizabeth Warren (D-Mass) is running for President and has announced a major proposal to forgive a massive amount of student loan debt. Here’s everything you need to know.
Does the proposal cancel all student loans?
No, but it would effectively forgive most student loans. Warren’s proposal would allow for a maximum student loan forgiveness benefit of $50,000 per borrower. The average college graduate leaves school with between $30,000 and $40,000 in student loan debt, so many borrowers would see most or all of their student loans forgiven.