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Comparing Democratic Candidates’ Student Loan Forgiveness Plans. Plus, Are Any Of Them Feasible?




Sen. Bernie Sanders, I-Vt., has laid out a $1.6 trillion dollar plan to eliminate the student loan debt of every American
Sen. Bernie Sanders, I-Vt., has laid out a $1.6 trillion dollar plan to eliminate the student loan debt of every American
Tasos Katopodis/Getty Images

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On Monday, Sen. Bernie Sanders announced a plan to cancel all $1.6 trillion of student loan debt, paid for by a tax on Wall Street speculation.

Student loan debt is becoming a hot issue for democratic presidential hopefuls. Sen. Elizabeth Warren proposed a student loan relief plan in April that would nix 50k of debt for people who learn less than 100k annually.  

Julian Castro has also proposed policies that would ease student debt, for example calling for a cap on payments until a borrower is earning over 250% of the federal poverty line.

We compare and contrast these student debt relief plans. Who would they target? How will they be funded? Plus, if you have or have had student loan debt, what do you think of the proposals?

With guest host Libby Denkmann

Guests:

Steven Johnson, staff reporter at the Chronicle of Higher Education; he tweets @stetyjohn

Ben Miller, senior director for postsecondary education at the Center for American Progress Action Fund, a policy institute and advocacy organization

Jason Delisle, resident fellow at American Enterprise Institute (AEI), a think tank in Washington D.C.; he specializes in higher education financing with an emphasis on student loan programs