NEW: Bernie Sanders unveils sweeping student debt cancellation plan
The plan, first reported by The Washington Post, goes further than proposals by fellow presidential candidates in that it aims to cancel all of the student debt held by 46 million Americans . Sen. Elizabeth Warren recently unveiled a plan aiming to cancel up to $50,000 in student debt based on household income, which her team said would help 42 million Americans.
“We bailed out Wall Street in 2008,” the senator tweeted early Monday morning. “It’s time to tax Wall Street’s greed to help the American people.” Under Warren’s $640 billion plan, only borrowers who have a household income of less than $100,000 will have $50,000 of their student debt forgiven, while those earning an income between $100,000 to $250,000 would see a lesser amount forgiven.
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