Elizabeth Warren’s plan: Cancel student debt and eliminate tuition

Source: Astead Herndon, N.Y.Times (Paid Registration)

Senator Elizabeth Warren of Massachusetts, who has structured her presidential campaign around a steady unveiling of disruptive policy ideas, on Monday proposed her biggest one yet: a $1.25 trillion plan to reshape higher education by canceling most student loan debt and eliminating tuition at every public college.

Ms. Warren’s sweeping plan has several planks. She would pay for it with revenue generated by her proposed increase in taxes for America’s most wealthy families and corporations, which the campaign estimates to be $2.75 trillion over 10 years.

She would eliminate up to $50,000 in student loan debt for every person with a household income of less than $100,000; borrowers who make between $100,000 and $250,000 would have a portion of their debt forgiven.

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