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.
