Elizabeth Warren’s Plan for Student Loans Comes with Mixed Reviews

Democratic Presidential hopeful Elizabeth Warren released her plan for student loans this week and it was met with mixed reviews; her plan would cancel $50,000 worth of debt for households making less than $100,000 per year and can $1 of dent for every $3 in income above $100,000; Warren explains that her plan would cancel debt for 75 percent of the 40 million borrowers and 95 percent would see some level of relief; the effects of the plan would be good in the short term but there is an unsure outlook for the future; the plan is also being met with anger by those who have worked hard to pay off their debt already. Source.

  • Todd Anderson

    Todd is the host of PitchIt: the fintech startups podcast, a weekly interview show featuring emerging fintech founders and leading venture capitalists. He is responsible for leading the content team which covers fintech through daily & weekly email newsletters, editorial, virtual events, and in-person conferences. He has been covering fintech, banking, and venture capital for more than 15 years, including speaking regularly at industry events.