We told you yesterday about Elizabeth Warrens new plan to make two- and four-year public colleges free for students and cancel up to $50,000 in student loan debt for millions of Americans.
The proposal generated a wide range of responses, including questions about the structure and fairness of the student debt forgiveness. While experts who study student loan debt say widespread forgiveness would boost the economy, some question whether it is the most effective way to stimulate the economy or the best method to ease the strain on the borrowers who need relief most, CNBCs Jacob Pramuk notes.
Some critiques, criticisms and defenses of Warrens plan:
It could create some bad incentives: Len Burman of the Tax Policy Center said that the way War…
Read the full article at: https://au.finance.yahoo.com/news/passionate-responses-elizabeth-warren-polarizing-224015794.html