Elizabeth Warren: My Student Loan Debt Relief Plan "Goes Further" Than Bernie Sanders'


In an interview with CNN's MJ Lee, Sen. Elizabeth Warren discusses her plan to offer student loan debt relief and lower the cost of college.

MJ LEE, CNN: Senator Elizabeth Warren out with a sweeping new proposal to wipe clean millions of American student loan debt and overhaul the country’s higher education system. The Massachusetts Democrat dropping the ambitious plan ahead of CNN’s five-candidate young voter town hall in New Hampshire.

SEN. ELIZABETH WARREN: Anyone who's got outstanding student loan debt can have up to $50,000 worth of student loan debt canceled out so long as their income is under $100,000, then it steps in up to there’s no help for anybody whose family income is above $250,000. And that’s it. The debt's gone...

LEE: The proposal would also make all public colleges tuition and fee free, inject $100 billion in Pell grants over ten years, and create a $50 billion fund for historically black colleges and other minority-serving institutions.

WARREN: There's a real access problem for low-income students, for students of color. It's not just paying the tuition, it is how they pay for books, the expenses of having a baby taken care of, or being able to cover commuting expenses, or maybe its a chance to live in a dorm...

LEE: Warren's campaign puts the total cost of the proposal at $1.25 trillion. All of it she said paid for by her wealth tax...

Senator Bernie Sanders popularized the idea of free college in his 2016 White House campaign...

His latest legislation in the Senate would make public colleges tuition-free for families making $125,000 or less and make community colleges tuition-free for everyone. Warren says her plan does more.

LEE: And you are already a co-sponsor of Bernie Sanders’ free college bill. How is your plan better than that plan?

WARREN: Well, it goes further.

LEE: So, is it fair to say that your bill is more progressive than Bernie Sanders’ bill?

WARREN: Well it’s certainly bigger.

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