Democratic presidential candidate Elizabeth Warren, who had already proposed making college free, just vowed to scrap student loan debt.
— a 2% annual tax for families with more than $50 million. The plan would also spur an economic stimulus, Warren argues, that would increase home buying and create new businesses.Apple, Google, and Netflix don't require employees to have 4-year degrees, and this could soon become an industry norm
Warren proposes canceling $50,000 in student loan debt for every person with household income under $100,000, and phases out by $1 for every $3 of cancelation for incomes between $100,000 and $250,000. Warren says her plan to eliminate student debt would cost the government $640 billion. "We got into this crisis because state governments and the federal government decided that... they'd rather cut taxes for billionaires and giant corporations and offload the cost of higher education onto students and their families," Warren wrote."It's time to end that experiment."
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