I’d like to believe that this could happen, but I think she’s dreaming.
“Americans owe $1.57 trillion in student debt, a figure that has set off alarm bells about potential economic damage from widespread default or lower consumer spending.
“To help struggling borrowers, some 2020 White House hopefuls have embraced an idea once on the political fringes: forgiving large parts of that debt load.
“Sen. Elizabeth Warren, D-Mass., is the most prominent Democrat to call for widespread relief for borrowers. She released a plan Monday to cancel at least some of the student debt held by 95% of the Americans carrying it.
“Entrepreneur Andrew Yang and Sen. Cory Booker, D-N.J., have also said they will push for loan forgiveness plans. Sen. Bernie Sanders, I-Vt., helped to kick-start the debate with a proposal for free public college during his 2016 presidential run.”
Read more at CNBC