2020 Candidates Elizabeth Warren, Wayne Messam Address Student Debt Cancellation

Ayo Ihedioha, a junior marketing student at Texas Southern University, estimates she will have $ 200,000 in student loans by the end of her studies.

When asked about student loans, she offered a simple call to 2020 candidates.

"Eliminate them in the best way possible," said Ihedioha. "Because it's not easy to graduate, you must already think about life after college and then to your student loan."

Ihedioha is only one of the millions of Americans who have student debt.

Elise Amendola / AP

Two candidates have made student debt reduction through loan cancellation an important part of their platforms. Senator Elizabeth Warren has released her plan to cancel student debt for those who owe it. Florida Mayor Wayne Messam wants to cancel all his student loans, both federal and private, a one-time bailout.

Both candidates would turn to the rich to finance the cancellation of student debt. The Messam plan would pay the $ 1.5 trillion price by canceling the Trump government's tax cuts to the rich.

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I think if we do not really do something to help people now, shame on us.

Other candidates argue for other ways to reduce student debt, including the law on a debt-free college, which would allow students to attend public colleges for free.

"We believe that this burden should not only be borne by the working class and the middle class," Messam told ABC News. "We therefore believe that by removing this debt first, we can work to reduce the cost of higher education."

Warren's plan would cancel up to $ 50,000 in student debt depending on the borrower's income. Warren's plan proposes an "ultra-millionaire tax," a 2% tax on families with more than $ 50 million in wealth.

Mark Kantrowitz, vice president of research at Savingforcollege.com, described improbable financing methods and said Warren's plan would not have a significant impact.

"People have talked about Senator Warren's proposal, as if she was clearing all student loan debt. It's not even close to half, "Kantrowitz said. "Although this is very popular among the millennia because everyone would like free distributions, I do not think it meets a major goal of public policy."

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Randi Weingarten, president of the American Federation of Teachers and supporter of Warren's plan, said many of its members were struggling to cope with student loans. She called debt cancellation a "fundamental first step".

"I think if we do not really do something to help people now, shame on us," said Weingarten. "Post-secondary education should be a public good accessible to all who want it or need it."

ABC News & # 39; Briana Stewart contributed to this report.