WASHINGTON Senator Elizabeth Warren announced a plan Monday to cancel the student loan debt of tens of millions of Americans, making her the first major candidate in the presidential race to come out in favor of a large-scale student debt forgiveness plan.
Warrens plan would entirely wipe out the debt of 75% of Americans with student loans, according to an analysis by a group of student loan experts done on behalf of her campaign. It would cancel up to $50,000 in debt for people whose household income is less than $100,000, and wipe out smaller amounts of debt for people making under $250,000. Ninety-five percent of Americans with debt would see some forgiveness under the plan, the analysis said.
The entire cost of the plan, Wa…
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