The letter states that the"power rests in the first instance with Congress" to cancel student loan debt. Under the Higher Education Act, however, Congress has a provision that allows a Secretary of Education to have"a more specific and unrestricted authority to create and to cancel or modify debt owed under federal student loan programs."
"That provision empowers the Secretary to execute the broad debt cancellation plan you have proposed," the letter continues.Joe Biden in the lead ahead of Iowa caucuses, but many may still change their minds Warren is the only presidential candidate to say they would going to eliminate student loan debt through executive power.
"If we want to achieve the kind of big, structural changes that will make our education system, our economy, and our society work for everyone, we’re going to need to use every tool, every scrap of opportunity that comes our way, to help working families," Warren said in a release."The future of our economy and the lives of a generation of student loan borrowers are at risk, and I’m committed to seeing this fight through no matter what.
Several other presidential candidates have also said they will cancel student loan debt, including Sen. Bernie Sanders. Former Vice President Joe Biden
It's a lie. She doesn't cancel anything. She just transfers the debt from those that actually owe it to the hard working middle class tax payer most of whom never got the chance to go to college themselves. This is not only wrong headed, it's immoral.
I guess the companies that loaned out that money can just go out of business. Will Lizzie pay the money back to them?
Completely unfair to those who worked their way through school, sacrificed to pay off their debts and/or didn't go to college or went to less- expensive (and less prestigious) schools to avoid crippling debt. Very unAmerican.
Good maybe we can get rid of the scammers calling 4 or 5 times a day telling you you're forgiven. Fishing for your financial info. I don't owe any school loans. I listen to them for fun, they never can give me my name.
How Come Senators are not Drug Tested?
When will Politicians Stop Lies. I’m Still waiting For Trickle Down Economics. What About “READ MY LIPS NO NEW TAXES”. When will We The People Have our Country Back.
And panic sets in....
I want to see this happen
I’m sorry. My tax dollars can’t afford it.
How about those who paid? Do they get credit?
What about a refund for the ones that paid their student loans back Call BS if I do not get money back...
Buy those votes. Funny how DNC allows a woman that lied about being a Native American for political and financial gain run for President.
Don't stop there! Some of the better schools charge over $50k a yr. Make it for all for years! And let's forgive car loans so people can get back and forth to work! Hell, let's give out free gas vouchers so they can use the extra cash for important things!
Like Bernie said no woman is going to be president.....
So what happens to the banks and loan companies holding that debt, and how much will it cost the taxpayers to just eliminate the debt of 42 million ?
Who is going to pay for this ms warren?
She’ll destroy the value of education
I want my GSL back; every penny plus interest.
She's desperate. She knows this will never pass the House and the chances are even worse in the Senate. I don't want my tax money going to pay for somebody else's college debt. For example, just look at the college graduates Trump hires.
What about refund others !
I want my cc debt cancelled.
Let it be true for all!!!
Snow flake Santa Claus
i worked to pay mine.. i sure could use the $50k back.. thanks Liz u can have my vote
I will be anxiously waiting by the mailbox for a refund check for the student loans that I paid off in full.
There is no such thing as canceling debt. Somebody has to pay and it isn't going to be me.
Warren Lie Master
Asinine.
Free stuff! Racism! Trump is bad! Don’t kill terrorists! The ice caps will be gone in 4 hours! Let anyone vote! Kill babies in utero! MOAR FREE STUFF!
What about those of us that paid cash for our kids school. Could have gotten loans but didn't?
With who’s checkbook?
Nope
I paid off my $37.5K loan in 2005. I assume I'll be reimbursed?
I’m going to sue for back-pay on my loans. Warren should also have to pay for the loans where people actually worked hard to pay them off. Yes, I agree this is just as idiotic as paying off current loans.
The issue isn't so much what SenWarren wants to do. Anyone can say with a straight face what they want to do. The problem is how to psy for it. Only halfwits would vote for a candidate on the basis of intention that has no chance of attendance
Do you have any idea how much its gonna cost in tax dollars to pay that off?
Warren promises to buy votes!
ewarren Does that include Parent Plus loans?
Who pays for it? Details...
I’ve paid $20,000 out of $34,000. I’m an RN and I wish they’d cancel the rest.
She’s nuts...period!
Hey, I want my cut! It took me 10 years of hard work to pay it off. Let’s just give it all away$$$🙄, but let’s be fair and take care of everyone!
Good. I want a refund for pay mg for my student loan and debt and formy wife as well
ROFLMAO …….She'll say anything won't she.
Whose money is she going to use
What about people who worked their way through college and paid their loans off like you’re supposed to? Do I still get money?
The would-be dictator.
Cancel my house payment while you are at it. It will help more people than just those with student debt. 😜
The Indian Princess cancels personal responsibility for 42 million.
With whose money? Also, I no longer want to pay my mortgage. Can this loser take care of that too.
Who’s going to pay off my home loan?
So are the lending institutions just supposed to eat the cost? How do they get reimbursed? Or do we let the banks and loan companies go under?
ewarren is bribing debt riddled students now? Can I have a cart and two mules while you are at it?
And since I didn’t goto college and learned on the job what do I get
quick math: 50,000 x 42,000,000 = 2,100,000,000,000 Seems like a lot to cancel out.
BS. I’ve been paying for almost 20 years...
Like many others, we sacrificed and gave up a lot to pay for college. Make sure you reimburse all of us too with your free money.
How do you say vote grab without saying vote grab
The good news is there is no chance...zero!!!
Free , free , free....in the real world you borrow, you pay...lesson :only borrow what you can pay back.
It's actually is good news - the crazier she talks, the less likely she gets the nom. (I hope!!!!!!)
While their at it, pay off my house and car debt as I have no student loan debt. Fair is fair, I want my free shit too.
Ah Yes, Democrats making promises to pay off gullible people with TAXPAYER money. Why isn't this Illegal, or Quid Pro Quo? ewarren ?, what about those who actually paid their student loans off? Seems pretty much like a bribe for a vote.
Lol flat out lies.
How does one cancel debt without paying it?
So when exactly is she going to cancel this debt? 2 days after she is takes oath of office or 2 years later or 2 decades after?
just wait until you find out how many of your retirement plans are invested in loans that the government is planning to declare void.
Buying votes?
If she did it will be so awesome I would vote for her. Sad thing Is politicians always say they’re going to do something and then when they get voted in they don’t do anything. Well except Trump.
Yea and I’m gonna catch a unicorn
So will she also cancel the student loan program that created the problem...intellectually dishonest to cancel on one side and keep a program that will continue to feed the problem.
...and those that busted their asses paying them off?
What about the students that have parents in the 1%?
Begging for votes.
Anyone with a brain knows this will never happen. Políticans, lie to get votes.
What about people like me and my wife that paid back over $50,000 in student loans. WE SACRIFICED A DOWN PAYMENT IN OUR EARLY 20’s!!! where is my reimbursement? Asking for a friend
I paid my debts off in 1977. Do I get a refund? I need to. Why give this generation a reinforcement that they are not held accountable?
She believes in what ever she thinks will get her votes. How would this be paid for ? By the people who paid off their own loans !!
Free stuff is not free. Working families will have to pay for that nonsense. Students should pay their own loans, not other Americans. Didn't your Cherokee momma tell you that it's wrong to walk away from paying back what someone lends you? It's immoral.
And those of us who paid our loans off get what? Shafted.
She promises everything in her quest to pander for votes. The only thing she hasn't promised (yet) is a free puppy for everyone. Taking on debt and repaying it builds responsibility. Having the gov't bail you out builds dependency.
This seems like a desperate move to 'buy votes'.
Well America, what do you say about this promise? There are no contenders! FOX40 POTUS
The question is why college tuition is so high. Where most developing countries tuition is like 500$ a year. Are we trying to dump the population
Can this legally be done?
How about we just start paying the kids to go to college
Who will pay for that?
Who do you people think is going to pay for that? You can’t cancel debt. You can only redistribute it to taxpayers. Does that seem fair to you? If it does, you’ve probably got student debt for a degree that can never gainfully employ you and you will never pay taxes. 🤦🏻♀️🤦🏻♀️🤦🏻♀️
I gotta hurry and take out a free loan
Don't forget my mortgage WTF!
Then what? College becomes 1/2. Price for future students?
Does anyone realize that $$ is a budgeted item to repay... so what will go unpaid on that budget? What was the repair $ planned for?
What is Warren going to do for those of us who worked two jobs to pay off our student loan debt? Trust me...this is one of those BS candidate promises that will never get past the House and Senate. Warren knows it and is why she’s promising it. Don’t fall for Warrens lies!💥
A couple of local attorneys are already collecting info on people who paid back their student loans. Hell of a class action suit might be on the way.
This is my hot button. I paid out $120,000 on two college educations (it took sacrifice and struggle believe me), with no DEBT, so I get nothing. So much for being responsible. I’d rather my tax dollars go to pay off people’s medical debt. NO COLLEGE DEBT!
The fact there are people who actually support this quack is troubling. goaway
WHY!?
Why is a handout a ... solution?
Shes gonna pull the money out of her ass
That's funny i just cancelled ewarren Bernie2020
R I G H T...I’m still waiting for that 12k tuition tax credit/yr President Clinton promise back in his SOTU speach, never happened nor will this, they all lie.
“wHaT aBoUt My LoAnS”
She is talking herself right out of ANY chance for the nomination. First, it's free healthcare for all, now this?!? Where does Warren think this money is coming from? She has NO chance to defeat Donald Trump with these radical proposals. None.
Dear Sen Warren. I had almost $50k when I graduated and made $25k after college. Even though I paid it off, I'll be expecting a refund of that money.
So she will bankrupt banks and kills jobs... saweet
I had to pay my daughters debt, do I get a credit
Stop it with the petty, that's not fair! She is also fighting for higher wages and better tax credits!! What is wrong with you people? Stop looking through pin holes & see the big picture!
And cut me a fat check for the loans I paid off...
Didn’t know Warren had that kind of money. Don’t you just love how politicians love to spend “our” money!
Ahhhhh no
Her campaign will be canceled before that happens
🤣🤣🤣😂
You people need to wake up! Who is going to pay for all of this? We the tax payers!
Can't do that....its all and the education system must go towards educating all of America... We didn't elect Trump because we all over educated.
She's full of Plans. But she hasn't done a darn thing. Don't believe anything this woman says. Her goal is to become President. Not for the people but for herself. She's not the one.
So, that means the tax payers will pay the cost of this.
Girls can’t be president- Bernie Sanders 1941
Buying votes with other people's money.
Throwing out debt. Why stop at student debt. What about credit cards and mortgages. What a concept. Why don’t we just provide all services for free? Why work?
Cancel my credit card debt and you might have a chance..
So who is going to pay for all that canceled debt?
I would rather the student loan bubble not burst.
Desperate.
Won’t help me. I started with $150k and after having to defer payments (downsized in 2010) and making income-based payments, I now owe $310k. I’ll be 50 this year.
Did you know Amway billionaire usedgov BetsyDeVosED is still collecting FRAUDULENT STUDENT LOANS FROM OUR KIDS for TOP TEN REPUBLICAN DONOR Corinthian 'college,' even after a judge told to STOP because the students, OUR KIDS, were victims of a CRIME! OccupyWallSt
No. They created the debt. Enabling poor choices is always a mistake.
Whoa wait. What about those who have just finished paying off or close to paying their student loans!? Stop this policy! You got a refund plan
That’s not fair
What about all those who struggled to pay most or all of their debt. Will she reimburse them. Equality for all. Otherwise she’s an hypocrite.
🤔
I pray you get there
How about cancel all credit card debts over 1000 dollars?
No thanks. Now that she's shown what a dirty politician she is we'd like our RefundWarren.
How about those of us who acted like responsible adults and paid our loans? Do we get our money back?
She can say all she wants but can she do everything she says...No!
Bernie's going to cancel 100% of student debt for 100% of people but this is cool too, I guess
Cancel ALL student debt! Bernie2020