Under Warren’s plan, each person’s student debt would get a relief of $50,000 if household income is up to $100,000. Higher incomes would also be entitled to massive debt reductions, while only those households with earnings of over $250,000 would get no student debt reduction. “Do I get a refund for having chosen a cheaper public university so I wouldn't be riddled with a ton of debt?” wrote Josh Jordan. "But I don't wanna pay for other people's college or their college debts," conservative author Kurt Schlichter summed up the proposal. According to the details provided by Warren, her student debt cancelation plan has a one-off price tag of $640 billion to the government.
Source: Fox News April 23, 2019 09:53 UTC