- Not enactedThe President has not signed this bill
- The senate has not voted
- The house has not voted
Committee on Education and LaborIntroducedJune 24th, 2019
- house Committees
Student loan debt is a major crisis in the U.S. that’s holding many borrowers back from economic security, starting families, pursuing homeownership and more. Forgiving all student loan debt would give borrowers freedom to pursue their financial dreams.
This proposal would be wildly expensive, and it’s not clear that the funding mechanism of taxing the wealthy and stock transactions would raise enough money to pay for it, in which case this would add billions to the ballooning and unsustainable national debt.