Democratic presidential candidate Elizabeth Warren said, if elected president she will cancel student loan debt of up to $50,000
WASHINGTON - Democrat Elizabeth Warren outlined on Tuesday how, if elected to the White House, she would on the first day of her presidency cancel federal student loan debt by using the Department of Education’s pre-existing authority.
Her campaign offered a letter from experts at Harvard Law School’s legal services center that concluded her plan “calls for a lawful and permissible exercise of the Secretary’s authority under existing law.” Throughout her year-long presidential campaign, Warren has emphasized affordable college tuition as a way to reduce economic and racial inequality. In April, she rolled out a comprehensive plan to cancel $50,000 in student loan debt for borrowers with annual household incomes below $100,000, with some cancellation for those with household incomes between $100,000 and $250,000.
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