Sen. Elizabeth Warren (D-Mass.) announced she would implement a plan to eliminate student loan debt that can bypass Congress, and it would be initiated on her first day in office.
“We’re facing a student loan crisis—one that’s holding back our economy and crushing millions of American families,” Warren said in the release. She said she previously introduced a plan 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.”
Citing potential congressional votes to block such a plan, Warren said the United States cannot wait. “The Department of Education already has broad legal authority to cancel student debt,” she wrote in her release.
Last year, Sanders introduced a plan to forgive all student debt held by 45 million Americans, saying it could be paid for by new taxes on Wall Street. His plan would also make two- and four-year public colleges debt- and tuition-free.
Warren, however, is the only candidate who said they would eliminate student loan debt via 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.”