Elizabeth Warren Shares Plan To Cancel Student Debt On ‘Day 1’ Of Her Presidency ewarren
“We’re facing a student loan crisis — one that’s holding back our economy and crushing millions of American families,” she said in her statement. “I have already proposed bold steps to broadly cancel student loan debt, provide universal tuition free public two- and four-year college and technical school, ban for-profit colleges from receiving federal aid, and help end racial disparities in college enrollment and resources.
Warren cites her experience in studying “why so many hard-working middle-class families were going broke.” Her findings? They’re being crushed by an economy that put them into debt merely so they could remain in the middle class. “Student debt is no different: for decades, students have worked hard and played by the rules,” she said. “They took on loans on the promise that a college education would justify their debt and provide a ticket to the middle class.
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