Rep. Dan Crenshaw slammed Sen. Elizabeth’s Warren latest proposal to forgive student debt to 95% of Americans with education loans this week; calling the policy “clumsy and unfair” for all US taxpayers.
“Loan forgiveness for people making up to $250k? This plan effectively asks all Americans, many of whom never got a degree, to give their tax dollars to people who CHOSE to take out a student loan so that they COULD get a job paying $250k a year. Terribly clumsy & unfair policy,” he tweeted.
Loan forgiveness for people making up to $250k?
This plan effectively asks all Americans, many of whom never got a degree, to give their tax dollars to people who CHOSE to take out a student loan so that they COULD get a job paying $250k a year.
Terribly clumsy & unfair policy. https://t.co/QEBslfT1Xa
— Rep. Dan Crenshaw (@RepDanCrenshaw) April 23, 2019
Leading economists predict Warren’s proposal to introduce tuition-free college and forgive most American’s student loan debt would likely cost upwards of $1.25 trillion over the next ten years.
FREE MONEY! Sen. Warren Calls for Free College, Cancellation of Student Debt, Will Cost $1.25 TRILLION
Senator Elizabeth Warren outlined her plan Monday to offer free college tuition to all Americans while forgiving pre-existing student loan debt; admitting the expensive proposal would likely cost $1.25 trillion over the next decade.
“We got into this crisis because state governments and the federal government decided that instead of treating higher education like our public school system — free and accessible to all Americans — they’d rather cut taxes for billionaires and giant corporations and offload the cost of higher education onto students and their families,” writes Warren.
“Experts estimate my debt cancellation plan creates a one-time cost to the government of $640 billion. The Universal Free College program brings the total cost of the program to roughly $1.25 trillion over ten years,” she adds.
Warren’s proposal would provide cost-free tuition for public colleges and would cancel up to $50,000 in student loan debt for Americans earning under $100,000 per year.
Read the Senator’s full article here.
FREE MONEY! Sen. Warren Says US Should Cancel Student Debt for 95% of Americans with Loans
Sen. Elizabeth Warren doubled-down on her proposal to cancel the student loan debt incurred by millions of Americans; saying her proposal would erase the financial burden for 95% of Americans who owe money for education.
“Student loan debt is crushing millions of families. That’s why I’m calling for something truly transformational: Universal free college and the cancellation of debt for more than 95% of Americans with student loan debt,” posted Warren on social media.
Student loan debt is crushing millions of families. That’s why I’m calling for something truly transformational: Universal free college and the cancellation of debt for more than 95% of Americans with student loan debt. Read all about it here: https://t.co/IG9J5CiNb7
— Elizabeth Warren (@ewarren) April 22, 2019
Warren’s proposal -along with providing tuition-free public colleges- would likely cost US taxpayers upwards of $1.25 trillion over the next decade according to leading economists.
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