Sanders to propose canceling entire $1.6T in US student loan debt

Sanders is proposing that the federal government pay to wipe clean the student debt held by 45 million Americans – including all private and graduate school debt – as part of a package that also would make public universities, community colleges and trade schools tuition-free. Since then, liberal Democratic lawmakers have called for increasingly aggressive government solutions for erasing existing student debt, with 2020 candidates Sen. Elizabeth Warren, D-Mass., proposing $640 billion in student debt forgiveness and former housing secretary Julian Castro introducing a more modest debt forgiveness plan. Sara Goldrick-Rab, a professor at Temple University who specializes in higher-education financing, said she had mixed feelings about plans such as the one proposed by Sanders that involve forgiving all student debt.

Source: m.stamfordadvocate.com