Democratic candidates tackle free college ahead of 2020

Elizabeth Warren proposes canceling student loan debt free public college

She said: 'There is no political inconvenience exception to the United States Constitution'. Elizabeth Warren (D- Mass.) proposed to eliminate existing loan debt for millions of Americans.

The Democratic candidate also proposed to eliminate tuition and fees for two- and four-year public college degree programs and called for a $100 billion investment in Pell Grants over the next ten years.

For households with income between $100,000 and $250,000, the $50,0000 of relief would phase out by $1 for every $3 in income above $100,000. However, she contends that it would only be "a one-time cost ... of $640 billion".

That requires a greater emphasis on increasing financial aid through grant funding than necessarily tackling debt, Thompson said. "Student loan debt was never meant to be the way we paid for education".

"It's time to end that experiment, to clean up the mess it's caused and to do better", Warren wrote in a Medium post. Warren emphasized these objectives in her announcement, writing "95 percent of Black students attending a for-profit college took out student loans, and a staggering 75 percent of Black students who did not complete their program at a for-profit college defaulted". She argues the policy should be universal, not targeted just on lower-income people, in the same spirit in which free public education is now available to all through high school.

Jessica Thompson, director of policy and planning at Institute for College Access & Success, said the loan repayment could be a boon to many Americans, particularly the ones that take out loans but don't graduate and find themselves shut out from higher paying professions that could make paying off loans easier. They're just getting far less help. And the rich, however you define that word, are a class comprised nearly entirely of people who graduated from college (with, yes, a handful of notable exceptions). Steinbaum said that's precisely why Warren's $100,000 income cap is an important way to ensure those who actually need the most help get it. There are, however, a few problems with this as a financing mechanism.

To those who might experience sticker shock glancing at the numbers, Warrens assures her readers, "The actual costs of these new ideas are likely to be even less than that".

This is a little like finding a $20 bill on the street and using it to run up five $20 bar tabs.

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The campaign estimates that the plan would cost $1.25 trillion over 10 years. In reality, you can only spend the money once.

Warren adds, "Some people will say we can't afford this plan".

Sounds like something Warren would love.

"I wish I could staple a free college diploma under each one of your chairs", she said. National Review's Kevin Williamson has some ideas as to how, which may include modest amounts of debt forgiveness.

Warren unveiled her new higher education plan on Monday. But she studied policy, and eventually she began to realize, the policies supported by Republicans were not good for working people. But as a campaign gambit, I suspect it won't be enough. Once recent poll found her trailing behind Sen.

Former New York Mayor Michael Bloomberg, a billionaire who this year briefly eyed a run for Democratic presidential nomination, said Ms. Warren's socialist scheme would turn the USA into Venezuela. Warren released the proposal ahead of a series of youth-oriented CNN town halls Monday night with 2020 presidential candidates at Saint Anselm College in New Hampshire.

Sanders took a swipe at the premise of the question, and answered, "This is a democracy, we've got to expand that democracy, and I believe every single person does have the right to vote".

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