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Elizabeth Warren’s plan to forgive student loan debt is costly, but it could actually pour money into the US economy

April 26, 2019

Sen. Elizabeth Warren, a Democrat from Massachusetts and 2020 presidential candidate, released her proposal to erase a good portion of student loan debt and provide free public college.

The plan, released earlier this week, was met with mixed reviews, with Twitter users debating whether it was equitable to people who had already paid off their loans, or those who selected a different school to avoid education debt.

In terms of effects on the US economy, some experts think a plan like Warren’s could act as a stimulus.

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