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Senator Elizabeth Warren, a Democrat from Massachusetts, greets attendees during an organizing event in Des Moines, Iowa, U.S., on Saturday, Jan. 5, 2019. Warren took a major step last week toward an all-but-certain 2020 White House run, seeking to become the Democratic nominee to challenge President Donald Trump on a message of economic equality and fighting corruption. Photographer: Daniel Acker/Bloomberg Sen. Elizabeth Warren, D-Mass., spoke at a presidential campaign organizing event. (Photo: Daniel Acker/Bloomberg)

It takes the typical first-time American homebuyer a dozen years to both pay off student loans and save enough to make a 20% down payment on a median-priced home, Redfin, a real estate brokerage, reported Friday.

Enter Sen. Elizabeth Warren’s plan to cancel up to $50,000 of student loan debt. Redfin analyzed the Democratic presidential aspirant’s plan, and found that under it a typical first-time homebuyer could knock three years off the time needed to save for a full down payment.

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