Sen. Bernie Sanders (I-Vt.) on Monday proposed eliminating all $1.6 trillion of U.S. student debt and making all public universities, community colleges, and trade schools tuition-free. His plan is broader and more expensive than those offered by fellow 2020 Democratic presidential candidates Sen. Elizabeth Warren (D-Mass.) and Julián Castro. Sanders says he will pay for it with a tax on stock transactions and bonds. Whereas competing plans would help only lower-income Americans, Sanders proposes to cancel all student debt, including for private colleges and graduate schools. Critics say the proposal would primarily help educated Americans who typically earn more.
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