Elizabeth Warren calls for canceling student loan payments during coronavirus emergency
Washington (CNN)Democratic Sen. Elizabeth Warren of Massachusetts is reviving a piece of her presidential campaign platform amid the coronavirus pandemic, proposing to cancel student loan payments for the duration of the emergency.
The plan is backed by Senate Minority Leader Chuck Schumer of New York, Washington state's Sen. Patty Murray and Sen. Sherrod Brown of Ohio, all fellow Democrats. It comes as lawmakers are considering what to include in a $1 trillion-plus stimulus plan.
The proposal would require the government to make the monthly payments for everyone with federal student loans, wiping away some of their debt.
It guarantees a minimum of $10,000 in debt relief per borrower. If that amount isn't met by the end of the national emergency, the proposal requires the government to make additional payments on behalf of the borrower. There is no cap to the relief, and a Warren spokeswoman did not immediately respond when asked how much the proposal would cost.
https://www.cnn.com/2020/03/19/politics/student-loan-payment-cancellation-coronavirus/index.html
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