Elizabeth Warren has a calculator for her student debt plan

Friday at Iowa State University, the Massachusetts Democrat and 2020 presidential candidate have asked people to take out their phone and plug the amount of their debt into the calculator, available on his campaign's website.

Warren's plan would cancel up to $ 50,000 of student debt from households whose income from business is less than $ 100,000 a year. For these Americans, the math is simple.

But the amount of relief decreases gradually as the level of income increases. Households earning more than $ 250,000 will not be eligible for any debt relief.

Warren also offers to make free education at public colleges of two and four years for all students, regardless of their family's income. She wants to increase federal funding for Pell grants, which are given to low-income families, as well as to invest more in historically black universities and colleges. The honorable senator also calls for the prohibition of for-profit colleges to receive federal funding.

Meaning. Cory Booker of New Jersey, Kamala Harris of California, and Kirsten Gillibrand of New York – as well as Warren – are both co-sponsors of Hawaii Sen's Debt-Free College Act. Brian Schatz. It would create a matching grant for states that are committed to helping students bear the full cost of attendance without taking out a loan.

The Vermont Senator, Bernie Sanders, who contributed to the inclusion of the idea during his candidacy for the 2016 presidential election, introduced his own bill that would make tuition and tuition fees free of charge. in public colleges for students whose families earn less than $ 125,000.

But other candidates, including Senator Amy Klobuchar and Mayor Pete Buttigieg, Mayor of South Bend, Indiana, abstained from a free university platform.