She pressured the Obama administration to cancel the debts of students who attended Corinthian Colleges, a large for-profit college chain that collapsed amid allegations of fraud.new legal analysis by Harvard Law School’s Project on Predatory Student Lending
Wide-ranging student loan debt relief is “a lawful and permissible use of the authority Congress has conferred on the Secretary of Education,” the group wrote in a six-page analysis of Warren’s plan. Warren said, for example, that she would use existing federal civil rights laws to go after racial disparities in student lending. She promised to direct the Education Department’s Office for Civil Rights to open “a wide scale investigation into the roles that colleges, state higher education systems, and the student loan industry play in contributing to racial disparities in student borrowing and student loan outcomes.
Source: Education Headlines (educationheadlines.net)
How in the hell do u cancel debt? She’s nuts and so is Bernie.
This is a joke is all college free now?
Ridiculous...desperate actions, Warren.
Lovely! How much is it going to cost the US tax payer? If the rich pay for it, then go for it.
Rebates for all those who have already paid their loans off. Thanks Liz😉
That’s why there can never be a ‘day one’ of her presidency.
Tell us the story about how you are a minority again. I love that one.
Awesome, so I can send my daughter to $70,000/year college next year and then simply default on the payments and that’s ok? Sweet!
How about working on the national debt first.
7: Q: what happens if the FED calls in the debt? A: everything is turned over to the fed for liquidation. All public land, roads, and anything built by the government with borrowed money can be 'repossessed', even the labor of the people... essentially slavery, or gulags.
Maybe students shouldn't load themselves down with debt in their striving to earn degrees that are useless and don't lead to a real job.
6: Q: then can the principle ever be paid back? A: NO, there isnt enough Gold and currency to ever pay it back. Instead the debt is collateralized. Land, infrastructure and even the people of the USA are all collateral against the debt.
She's beginning to sound like Trump: Make crazy ass promises you can't possibly follow through on. No way can she cancel student debt on 'day one'. She panders for votes by promising everything to everyone hoping they will be suckers to fall for it.
5. Q: then where does the 'National debt' come from? A: thin air + interest. Every year the tax payers give money they earned by selling their labour which turns intangible potential in kinetic currency, which in turn is paid against the interest on the money loaded that year.
she is a joke
If I hear “On Day 1” 1 more time.....
3. Q: who pays for the 'debt forgivness' if money's used is no real? A: everyone, the numbers are paid by students to schools who use it to pay for g & s and salaries to provide education... the tax payer must replace the thin air deficit. Gov only loses interest revenue.
Delusional.
Wow..that is scary...is it legal?
Pander-in-Chief.
Thank you for covering this. Instead of he said vs she said.
Executive order? So an extension of the ever-more-powerful imperial presidency?
'Warren took that campaign promise a step further'... uh huh, sure thanks Liz! Really appreciate that 40% off student loan plan unless I get a raise this year.
Sorry, don't trust her any more. Sounds like desperate campaigning.
2. Q: what money would be used to 'buy the system'? A: none, like the loans it would he borrowed from thin air and created by people who pay taxes with real money, maybe generations in the future.
You can't keep pushing everything to taxpayers dollars. If Warren wants student debt relief she should have a wine cave party every month with proceeds going to student debt relief
Poor Warren plan 1- discrediting Sanders failed 😂 onto plan 2- integrating Bernies agenda into her own plan 3- dye hair white plan 4- change name
1... This is funny... Q: where does student loan money come from? A: nowhere, createdout of thin air. The money doesnt exist until you pay it back. Q: then who pays if postsecondary were free. A: everyone, the Gov would essentially buy the entire education system.
This is silly. I hope we can make college more affordable BUT those lenders need to be paid. However 3.2TRILLION expansion in US debt in 3 yrs is a bigger issue. The crazy guy in the WH is the threat. If we focus on that we can assuage these other issues & make sustainable policy
Just try this. It is so simple to expose a crazy promise. Step 1: open excel Step 2: Enter $50,000.00 in a cell. Step 3: Enter 42,000,000 in a cell. Step 4: Multiple * the two cells. Step 5: Understand why this is a false promise.
And what about the parents who saved their own money, didn’t travel or do anything frivolous, buy anything fancy, and used their saved $$ to put their kids thru college
Can’t trust Warren, she is a liar and a garbage politician.
cancel all student debt?...
Promises are great until they can no longer be kept.
There will be no Warren administration. She’s plainly dishonest, which is maybe what you’d expect from a fake Native American?
We need a government that works not pie in the sky promises
She’s planning on taxing the middle class and bypassing the legislative branch of government to do it. She’s promising to be a tyrant.
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