Warren Pledges To Cancel Most Student Loan Debt Without Congress

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Presidential candidate Sen. Elizabeth Warren on Tuesday pledged to cancel student loan debt for 42 million Americans on the first day of her presidency by bypassing Congress and using an existing authority from the Department of Education.

Warren had already unveiled a plan to cancel up to $50,000 in loans for about 95 percent of student borrowers, but her plan, unveiled in a Medium post on Tuesday, details for the first time how she would accomplish it. 

The presidential candidate said she would use the Higher Education Act, which gives the Department of Education “to modify, compromise, waive, or release student loans.”

Read more at The Hill.

{Matzav.com}


11 COMMENTS

  1. “Vote for me & I’ll give you free money! Lots of it! $50,000.00!!!” ~ Senator Elizabeth Warren
    Does this include dropouts who never completed their educations? Those who changed careers? Those making big bucks? Is it fair to those who chose not to take out student loans that they not only miss out on retroactive free money, but now their taxes are being used to pay off the debt of those who took out the loans and may have better-paying jobs as a result? Will she allow recipients to keep the free money or will she be an Indian giver? (sorry about the last one)

  2. “to modify, compromise, waive, or release student loans.”

    I could not find that exact quote as written. The closest thing I found seems to be talking about cases such as parents who borrowed on behalf a child and the child then died before repaying the loan, or when the institution closes without completing its contracted service and other such type of situations.

  3. Easy folks. Americans are dumber by the shack and will.

    We want education. 4 years, pizza pizza pizza and a bar room even three days a week and the grades are still kept.

    A little fatter, just a twinge of real debt and the new diploma is set a break neck pace future.

    Elizabeth hates Ford and Chevy. She wants the, the best ride asap. What a foul ride. Fat losers who eat potato chips and slurp even pop diet or sugar and drive their debts on cunning trips to the arena and quick shop so their labels require a dream that Polo and Benetton can claim fierce.

    Now we ask, where are the diets, the kosher plans, the better faculty? Where is a classic look as big guy force patriot goes to the shower each morning and shaves for faculty pictures and campus earnings? A switch forward and we remember Colgate University was founded by men who were classical. Even Columbia had a striking warm bright eye.

    The faculty are cheap nullified, the diets frank outrageous and the higher learning is just a book for a boot. The rest we want is dreaming our kosher eats among every jew. Only Hashem brings peace.

    Who would want to see Ms. Warren make us anyone? A blood shot eye from the bar with broken in sheets from even lazy history of bad feelings. Our world implodes as military budgets gaffe by money we can not spend. The roads to my towns are still yet repaired after many years and the Lexus zips by.

    Lizzie best not be. Our meals follow our deals.

  4. Her plan is to pay for it all by using all the money from the wealthiest people in America. The problem with her logic is that she wants to tax the rich out of their wealth so eventually the wealthy won’t have enough to qualify for the tax. Then she’ll have to lower the threshold to qualify for the wealth tax.

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