Warren, Schumer Invoke ‘Econ 101’ In Push To Cancel $50K In Fed Student Loan Debt Per Borrower

Senator Elizabeth Warren (D-MA) and Senate Minority Leader Chuck Schumer (D-NY) continue to advocate for Democratic presidential candidate Joe Biden to exercise unilateral power as president to “cancel” billions of dollars in federal student loan debt.

In an op-ed for Blavity, Warren and Schumer suggest that cancelling up to $50,000 in federal student loans per borrower would be a good way to “jumpstart” the economy amidst the coronavirus pandemic. They also invoked “Econ 101” to make their argument.