Sen. Elizabeth Warren wants to use taxpayer money to “cancel” hundreds of billions of dollars in student-loan debt and offer debt-free college for millions more, which would cost $1.25 trillion over the next decade.
In a blog post on Medium, the Massachusetts Democrat said the “huge student loan debt burden” is “crushing millions of families and acting as an anchor on our economy. It’s reducing home ownership rates. It’s leading fewer people to start businesses. It’s forcing students to drop out of school before getting a degree. It’s a problem for all of us.”
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