Democratic presidential candidate Sen. Elizabeth Warren (D-Mass.) introduced a bill Tuesday that would cancel $640 billion of student loan debt.
The big picture: Warren announced in April the plan to eliminate federal and private student loan debt for more than 75% of the 45 million Americans who hold loans (read a full overview of the plan here). She introduced the Student Loan Debt Relief Act with House Majority Whip Jim Clyburn (D-S.C.), who's sponsoring a companion measure, per Politico.
Today @WhipClyburn & I are officially introducing our Student Loan Debt Relief Act to cancel student debt for millions of Americans, end the student debt crisis, & help tackle the racial wealth gap. Tune in live to our announcement. #CancelMyDebt https://t.co/WJGsqPrdCK
— Elizabeth Warren (@SenWarren) July 23, 2019
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