As her ardent fans like to frequently boast, no matter what pressing issue of the day you’re worried about, Elizabeth Warren’s got a plan for that. That supposed axiom can now be applied to the question of what, if anything, to do about all of the people in this country without outstanding student loans they can’t seem to pay off.
But this is a controversial subject and one that not nearly everyone agrees on in terms of what to do about it or even if the government has any role in “fixing” things. How would Warren, as president, get the various divided factions to buy into her vision and go along with the plan she proposes? The answer is… she wouldn’t! On her first day in office, she would just sit down at the desk recently vacated by Donald Trump and sign an executive order making all of that debt go away. (Reuters)
Democrat Elizabeth Warren outlined on Tuesday how, if elected to the White House, she would on the first day of her presidency cancel federal student loan debt by using the Department of Education’s pre-existing authority.
Warren had previously called for the cancellation of up to $50,000 in student loan debt for each of about 42 million borrowers, but had not outlined the specific steps she would take or the timing.
Warren, writing on the website Medium, said that she would act without waiting for Congress because the Secretary of Education can “use its discretion to wipe away loans even when they do not meet the eligibility criteria for more specific cancellation programs.”