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
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