Sen. Elizabeth Warren at SXSW. (Photo: Callaghan O'Hare/Bloomberg) Sen. Elizabeth Warren at SXSW. (Photo: Callaghan O'Hare/Bloomberg)

Sen. Elizabeth Warren, D-Mass., is partnering with House Majority Whip James Clyburn, D-S.C., to introduce legislation that will eliminate up to $50,000 in student loan debt for 42 million Americans. The legislation would cancel the debt of 75% of borrowers — there are currently about 45 million owing a total $1.5 trillion — and offer relief to another 20% or so.

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