CNBC: Schumer, Warren propose forgiving $50,000 in student debt for borrowers due to pandemic

Senate Minority Leader Chuck Schumer, D-N.Y., and Sen. Elizabeth Warren, D-Mass., announced a resolution Thursday that would broadly cancel federal student loan debt due to the coronavirus crisis.  

The resolution calls on President Donald Trump to take executive action to forgive up to $50,000 in debt for borrowers.

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