Elizabeth Warren’s Plan to Erase Student Debt on Day 1 as President – Rolling Stone
WASHINGTON Sen. Elizabeth Warren (D-Mass.) has already pledged that, if elected president, she would erase student-loan debt for the vast majority of the 45 million borrowers in America. On Tuesday, she went one step further, saying she would use executive authority to begin wiping out student debt on the first day of a Warren presidency.
She appears to be the first 2020 presidential candidate to have a day-one plan to use presidential executive authority on student-debt relief. In all, borrowers currently hold more than $1.5 trillion in student-loan debt in this country, a slow-motion crisis that economists say dampens home purchases, starting new businesses, saving for retirement, and even getting married.