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Warren Would Bypass Congress on Debt Cancellation
Inside Higher Ed: Senator Elizabeth Warren, the Massachusetts Democrat who is vying for her party's presidential nomination, last year rolled out a $1.25 trillion student loan debt cancellation plan. Her proposal would offer up to $50,000 in loan forgiveness to borrowers with annual household incomes of up to $100,000. For borrowers with higher incomes, the cancellation amount would decrease, topping out for those earning $250,000 or more.
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