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But not everyone would benefit from the proposal if it winds up being enacted . Furthermore, there are many burning questions about who, specifically, the program would benefit; how these benefits would be allocated; and whether there might be unintended negative consequences of student loan forgiveness for borrowers and their families. Here's a rundown.While the vast majority of the $1.
UPDATE / CORRECTION: Senator Warren's team reached out to confirm that private student loans would be eligible under her proposal. Still, it is unclear what legal authority would permit this .Even if we assume that only federal student loans would be eligible for Warren's debt forgiveness proposal, it does not necessarily mean that federal loans would qualify. Warren has not specified, for instance, whether federal Parent PLUS loans would be eligible for cancellation benefits.
UPDATE / CORRECTION: Senator Warren's Team reached out to state that under her proposal, borrowers could refinance their remaining student loan balances at lower rates.Under federal law, cancelled debt can be treated as taxable income for the borrower. In other words, federal law requires that borrowers report cancelled debt as earned income for tax purposes -- and they then have to pay income taxes on that cancelled debt. There are certain exceptions to this rule.
Source: Education Headlines (educationheadlines.net)
What ever happened to the words...Ain’t no free lunch?... Liz, wake up.
How about doing what’s possible and start with no interest loans. And focus on maintaining social security for people who paid into the system and make sure they get it during retirement.
Aunt Lizzy thinks a 100% income tax to pay for her programs is slightly exaggerated.
MA is partially guilty for the political turmoil...and our electric bills are through the roof and going to NY...can we just start counting sheep now?!?
You're peddling this article saying that there's 6 questions that are unanswered... Yet 4 of them have been answered by her team as noted in this article.
What if a man was responsible and saved his whole life to pay for kids to go to college and didn’t take debt? Will a man get a check from the government? SenWarren
Where is your article on realDonaldTrump education plan or immigrant jails ? your sexism is showing, dear
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Elizabeth Warren proposes canceling billions in student loan debtU.S. Senator Elizabeth Warren, who is seeking the Democratic nomination for the ... And all girls under 12 get a free pony! Courage combined with intelligence. This is a campaign in free fall. Not a serious proposal.
Source: Reuters - 🏆 2. / 97 Read more »
Elizabeth Warren proposes canceling student loan debt and offering free public collegeSen. Elizabeth Warren unveils a plan to cancel up to $50,000 in student loan debt for households earning under $250,000 a year, the only major 2020 presidential candidate to advance such an ambitious plan. How dare people live up to their word and pay their debts. Feel bad for the suckers who stop paying in advance under the false assumption that this is ever going to happen. So, Who will pay the bill then? Santa...?
Source: latimes - 🏆 11. / 82 Read more »
Elizabeth Warren's proposal would cancel student debt for 95 percent of borrowersNearly all student loan borrowers would see some of their debt cancelled under Elizabeth Warren's new proposal. Not going to be the Dem candidate... What if you already paid your debt back ? And who would pay for this exactly?
Source: CNBC - 🏆 12. / 72 Read more »
Elizabeth Warren: Let's Cancel Student Loan Debt And Make College FreeElizabeth Warren wants to cancel your student loan debt and make college tuition-free. Here's what you need to know: What a lunatic. HERE IS WHAT YOU REALLY NEED TO KNOW - This is a bribe to young voters. If you want good paying jobs in a thriving economy, vote Republican. If you want expanded government, limited freedom of choice and economic ruin, vote for socialist democrats like Warren
Source: Forbes - 🏆 394. / 53 Read more »
Elizabeth Warren: Let's Cancel Student Loan Debt And Make College FreeElizabeth Warren proposes a transformational plan for student loan forgiveness and free college. Tomorrow can I get free beer and pizza too? Buying votes.
Source: Forbes - 🏆 394. / 53 Read more »
Elizabeth Warren: Let's Cancel Student Loan Debt And Make College FreeElizabeth Warren proposes a transformational plan for student loan forgiveness and free college. Wow, how nice of professors and college staff to work for free. Agree
Source: Forbes - 🏆 394. / 53 Read more »
Why Pete Buttigieg isn't ready to get on board with Elizabeth Warren's student debt relief planFive Democratic presidential hopefuls — Mayor Pete Buttigieg, Sen. Kamala Harris, Sen. Amy Klobuchar, Sen. Bernie Sanders and Sen. Elizabeth Warren — will face young voters in back-to-back CNN town halls. Follow here for the latest from New Hampshire. Everyone is on Bernie' s lane.... He and his companion have the means to pay that off but don’t....this is part of the problem.
Source: CNN - 🏆 4. / 95 Read more »
Sen. Elizabeth Warren introduces $1.2 trillion plan to tackle student debtThe Democratic presidential candidate released a bold plan to cancel student debt for many American households and eliminate tuition. Easier said than done Who os paying for it?
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Elizabeth Warren unveils 'broad cancellation plan' for student debtThe $1.5 trillion student debt crisis has an increasing number of former officials and prominent businesspeople calling for a solution to the crisis. Elizabeth Warren joined that chorus on Monday. YahooFinance Is she going to send me a check for the 50K in student loans I actually paid back?
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Sen. Elizabeth Warren's free college plan aims to eliminate most student debtElizabeth Warren revealed a new higher-education platform that aims to eliminate tuition for two- and four-year public colleges and cancel student loan debt for millions. Whole role do colleges play in tackling rising costs? saying it’s either students or govt is unnerving Bad idea! Not sure how this is gonna work. But anyone willing to take my student loans away. I aint gonna fight ya.
Source: ABC - 🏆 471. / 51 Read more »