Democratic presidential candidate Elizabeth Warren called for free tuition at public colleges and forgiveness of student loan debt.
April 22 (UPI) — Democratic presidential candidate Elizabeth Warren called for free tuition at public colleges and forgiveness of student loan debt that she said has crippled the middle class.
The plan would become an « enormous middle-class stimulus » that would boost economic growth, increase home purchases and create more small businesses, the Massachusetts senator said. It would also increase wealth for minorities, adding a $50 billion fund to help historically black colleges and universities.
The proposal would spend $1.25 trillion over 10 years to forgive up to $50,000 in student debt for families earning under $100,000 a year, make public college tuition-free and spend $100 billion on grants to help college students with non-tuition expenses. Americans earning between $100,000 to $250,000 a year would still get loan debt forgiven on a sliding scale.
