Elizabeth Warren introduces bill to cancel $640B of student debt

Democratic presidential candidate Sen. Elizabeth Warren (D-Mass.) introduced a bill Tuesday that would cancel $640 billion of student loan debt.

The big picture: Warren announced in April the plan to eliminate federal and private student loan debt for more than 75% of the 45 million Americans who hold loans (read a full overview of the plan here). She introduced the Student Loan Debt Relief Act with House Majority Whip Jim Clyburn (D-S.C.), who's sponsoring a companion measure, per Politico.

Go deeper:

• Study: Warren's college debt plan benefits high-earners
• Elizabeth Warren on the issues, in under 500 words