Warren presses President Joe Biden to cancel up to $50K in student loan debt
“Send a note to President Biden.”
That’s Sen. Elizabeth Warren’s message to students and former students grappling with student loan debt — many of them trying to make ends meet and pay off loans on a high school diploma-level salary.
“It’s crushing the bones of a lot of people out there,” the Massachusetts Democrat told thousands who joined a virtual town hall on Wednesday night.
Prompted by a question from Thalia Sass, who took out loans to work on a doctoral degree at Brandeis University and become a scientist, Warren told viewers she was “all-in” on the issue, repeatedly pressing the Biden administration to use its authority to cancel up to $50,000 in student loan debt.
Sen. Elizabeth Warren Town Hall: Warren presses President Joe Biden to cancel up to $50K in student loan debt
“It doesn’t have to go through Congress,” Warren said. “The authority is already there, in law, for the president and the Secretary of Education to cancel out this student loan debt. And President (Barack) Obama used it ... President (Donald) Trump used it to cancel some student loan debt. I would like to see President (Joe) Biden do it.”
The move would “make a difference in the lives of in tens of millions of Americans and help give our entire nation a stronger future,” Warren argued.
Warren made the case that eliminating a big chunk of student loan debt wouldn’t only help students like Sass, but would boost the entire economy and “invest in the future” at a time when Americans are suffering through the COVID-19 pandemic.
She noted that about 40% of those with student loan debt don’t have a college degree for a variety of reasons, whether economic or family-related, challenging commutes or affordability.
She added that two out of every three graduates of state schools “end up with student loan debt because they just can’t make it. Our state schools don’t get enough taxpayer support so people can graduate without debt.”
Last week, Warren, alongside Rep. Ayanna Pressley of Massachusetts, Senate Majority Leader Chuck Schumer of New York and others pushed Biden to slash student loan debt.
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