“My very first bill when I got to theSenate was legislation to tackle the growing student debt crisisbecause I was sick of Washington allowing the wealthy to pay less,”Sen. Warren said. (Photo: Callaghan O'Hare/Bloomberg)
As they promised a little over a month ago, Sen. ElizabethWarren, D-Mass., and House Majority Whip James E. Clyburn, D-S.C.,have introduced legislation in the Senate and House to eliminate upto $50,000 in student loan debt for 42 millionAmericans.
The Student Debt Relief Act would cancel student loans of75 percent of student loan borrowers and provide debtrelief for 95 percent overall.
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Bernice Napach
Bernice Napach is a senior writer at ThinkAdvisor covering financial markets and asset managers, robo-advisors, college planning and retirement issues. She has worked at Yahoo Finance, Bloomberg TV, CNBC, Reuters, Investor's Business Daily and The Bond Buyer and has written articles for The New York Times, TheStreet.com, The Star-Ledger, The Record, Variety and Worth magazine. Bernice has a Bachelor of Science in Social Welfare from SUNY at Stony Brook.
