Democrats’ $50,000 student loan forgiveness plan would make 36 million borrowers debt-free

Derk Renwick
Feb 4, 2021
1 min read

Updated: Apr 2, 2021

The Senate’s top Democrat, Chuck Schumer of New York, along with Sen. Elizabeth Warren, D-Mass., and other Democratic legislators on Thursday, reintroduced a resolution again calling on the White House to forgive $50,000 in student debt for all borrowers by executive action.

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Democrats’ $50,000 student loan forgiveness plan would make 36 million borrowers debt-free

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