Massachusetts senator and 2020 presidential hopeful Elizabeth Warren is introducing a bill to cancel up to $50,000 in student loan debt for 42 million Americans. Senator Warren said in a statement, “The student debt crisis is real and it’s crushing millions of people—especially people of color. It’s time to decide: Are we going to be a country that only helps the rich and powerful get richer and more powerful, or are we going to be a country that invests in its future?”