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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


elizabeth warrenSergio Flores/Getty Images

  • Democratic Sen. Elizabeth Warren of Massachusetts, a 2020 presidential candidate, has proposed erasing a good portion of student-loan debt and providing free public college.
  • The plan was met with mixed reviews online. Some people were angry, saying they had already paid their loans back or chose a different college to avoid debt in the first place, while others praised her move.
  • Josh Bivens, the research director at the left-leaning Economic Policy Institute, told INSIDER in an email that the "short-run macro benefits are neutral to good."
  • Whether voters are fans of the plan or not — and there are plenty who are not — Warren's proposal has put student debt front and center in the 2020 election debate.
  • Visit Business Insider's homepage for more stories.

Democratic Sen. Elizabeth Warren of Massachusetts, a 2020 presidential candidate, has proposed erasing a good portion of student-loan debt and providing free public college.

Her plan, released last week, was met with mixed reviews on Twitter, with some users debating whether it was equitable to people who have already paid off their loans or who selected a different school to avoid education debt.

See the rest of the story at Business Insider

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