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Senator Warren Campaigns on Free College and Cancelling Student Debt

2020 Democrat presidential candidate and Massachusetts Senator Elizabeth Warren is campaigning on offering free college and cancelling a portion of student loan debt.

Warren’s plan is estimated to cost $1.25 trillion and she wants to increase taxes on corporations and the wealthy to pay for her idea.

The student debt relief plan would zero out as much as $50,000 of debt for students living in a household making less than $100,000 and lesser amounts of debt relief for students living in higher income households.

Warren also wants to address student expenses beyond tuition and wants to help black colleges.

The New York Times reports:

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. In addition to eliminating undergraduate tuition at public colleges and universities, she would expand federal grants to help students with nontuition expenses and create a $50 billion fund to support historically black colleges and universities.

According to a statement on her website, Warren says her student loan debt relief plan will, “Cancel debt for more than 95% of the nearly 45 million Americans with student loan debt.”

Senator Warren promoted her student tuition and debt plans on Twitter:

Warren discussed her plan in an interview on CNN.

Warren’s “free stuff” plan is a desperate attempt to buy votes from young voters who are straddled with student loan debt.

Tom Borelli

Dr. Tom Borelli is a Newsmax TV contributor and radio commentator addressing political issues from a conservative grassroots perspective. As a columnist, he has written for The Washington Times and authored articles for Newsmax Magazine, Newsmax Insider and previously was a co-host with his wife Deneen Borelli on the SiriusXM Patriot channel. Dr. Borelli appeared on numerous television programs, including the highly ranked Fox News Channel’s “The O’Reilly Factor,” “Hannity,” “The Kelly File," and "America’s News Headquarters." He has also appeared on Fox Business Network’s “Making Money with Charles Payne” and “After the Bell” as well as TheBlaze TV’s "The Glenn Beck Program" and "Dana!" Prior to working for public policy organizations, Dr. Borelli was a managing partner with the investment advisory firm of Action Fund Management, LLC and a portfolio manager for the Free Enterprise Action Fund (FEAF) where he used shareholder activism to challenge corporations that sought to profit from the growth of government. During his 25 years with the Altria Group, Inc., he built a foundation in public policy and issues management, drawing from diverse experiences ranging from basic research to corporate affairs. Dr. Borelli served as science fellow for the U.S. House of Representatives' Committee on Science, Space, and Technology during the 100th Congress. Dr. Borelli has also published scientific papers on interferon and human leukemia.

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