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Warren to Introduce Student Debt Cancellation Bill

June 14, 2019

Senator Elizabeth Warren, a Massachusetts Democrat, said Thursday that she planned to introduce legislation to cancel student debt that mirrors a presidential campaign proposal she released in April.

House Majority Whip James Clyburn, a South Carolina Democrat, will carry the bill in the House. Under the plan, student loan borrowers with incomes of less than $100,000 could receive up to $50,000 in loan cancellation. Those with higher incomes would have debts discharged on a sliding scale.

"For far too many students and families, the cost of higher education has meant daunting debt and a lifetime of student loan repayments," Clyburn said in a statement. "We need to allow people to get the kind of postsecondary education that will help them achieve their dreams and aspirations and earn a living to become productive members of society."

Warren said the legislation would provide some debt relief for 95 percent of student borrowers and full debt relief for three-quarters of borrowers. The bill will also address access to bankruptcy for borrowers with remaining student loans under the plan, her office said.

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Andrew Kreighbaum

Andrew Kreighbaum joins Inside Higher Ed as our federal policy reporter. Andrew comes to us from The Investigative Reporting Workshop. He received his master's in data journalism at the University of Missouri, and has interned at USA Today and a national journalism institute in Columbia, MO. Before getting his master's, Andrew spent three years covering government and education at local papers in El Paso, McAllen and Laredo, Texas. He graduated in 2010 from the University of Texas at Austin, where he majored in history and was news editor at The Daily Texan.

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