Day: May 13, 2019

The Consequences of Forgiving $1.5 Trillion in Student Loans

Senator and Presidential hopeful Elizabeth Warren (D, MA) recently proposed a policy to cancel student loan debt. She wants to cancel up to $50,000 of debt for borrowers with annual household incomes under $250,00, including full cancellation for households with incomes under $100,000. It would be financed with an “Ultra-Millionaire Tax” – a massive redistribution […]

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