Student financial aid

Democratic presidential candidate Sen. Elizabeth Warren, D-Mass., speaks at a campaign house party, Friday, June 14, 2019, in Windham, N.H. Candidates including Sens. Elizabeth Warren and Bernie Sanders have proposed plans to eliminate tuition at public colleges and universities, while former Vice President Joe Biden and others back plans for free community college. (AP Photo/Elise Amendola)

CORRECTS NAME FROM CHASTEN GLEZMAN TO CHASTEN BUTTGIEG FILE - In this May 20, 2019, file photo, Democratic presidential candidate Pete Buttigieg, the mayor of South Bend, Ind., left, is introduced by his husband Chasten Buttigieg, right, during a fundraiser at the Wynwood Walls, in Miami. Buttigieg knows firsthand the burden of six-figure student loan debt. He and his husband have loans of more than $130,000, placing them in the ranks of the 43 million Americans who owe federal student debt.(AP Photo/Lynne Sladky, File)

FILE - In this Feb. 20, 2019, file logos for credit cards are visible on the cards in Zelienople, Pa. On Friday, June 7, the Federal Reserve releases its April report on consumer borrowing. (AP Photo/Keith Srakocic, File)

Robert F. Smith, left, laughs with David Thomas, center, and actress Angela Bassett at Morehouse College on Sunday, May 19, 2019, in Atlanta. Smith, a billionaire technology investor and philanthropist, said he will provide grants to wipe out the student debt of the entire graduating class at Morehouse College - an estimated $40 million. Smith, this year's commencement speaker, made the announcement Sunday morning while addressing nearly 400 graduating seniors of the all-male historically black college in Atlanta. (Bo Emerson/Atlanta Journal-Constitution via AP)

FILE - In this May 3, 2017, file photo Education Secretary Betsy DeVos speaks during a school choice event in the Roosevelt Room of the White House in Washington. Education advocates say a Trump administration plan to use federal Pell Grant money to fund space exploration would jeopardize aid for future college students and could trigger a budgeting crisis within a few years. (AP Photo/Evan Vucci, File)

President Donald Trump speaks during a meeting with Hungarian Prime Minister Viktor Orbán in the Oval Office of the White House, Monday, May 13, 2019, in Washington. (AP Photo/Evan Vucci)

FILE - In this Wednesday, April 10, 2019, file photo, Education Secretary Betsy DeVos testifies before the House Education and Labor Committee on Capitol Hill in Washington. A political battle is reheating over a federal program that was designed to cancel student loans for certain public workers but has largely failed to deliver that promise. The program, Public Service Loan Forgiveness, promises to erase federal student loans for public workers who make 10 years of payments while working for approved employers. (AP Photo/Manuel Balce Ceneta, File)

In this April 19, 2019, photo, Democratic presidential candidate South Bend Mayor Pete Buttigieg answers questions from employees during a campaign stop at a dairy company in Londonderry, N.H. Buttigieg’s presidential campaign has attention and money. Now he has to convert that into a sustainable operation that can keep him in the race well into next year. (AP Photo/Charles Krupa)

Democratic presidential candidate Sen. Elizabeth Warren, D-Mass., speaks during a campaign rally Wednesday, April 17, 2019, in Salt Lake City. (AP Photo/Rick Bowmer)

FILE- In this March 14, 2019, file photo students walk on the Stanford University campus in Santa Clara, Calif. Before student loans, people who couldn’t afford to go to college usually didn’t. Even though tuition was cheaper, it was still cost-prohibitive for many, who turned to solutions such as working through school, getting help from their parents or finding scholarships. (AP Photo/Ben Margot, File)