We have a student loan crisis—and we can't afford to wait for Congress to act. I’ve already proposed a student loan debt cancellation plan, and on day one of my presidency, I’ll use existing laws to start providing that debt cancellation immediately. elizabethwarren.com/plans/student-…
When I was elected to the Senate, I used every opportunity and tool available to ease the burden of student debt. I fought to lower interest rates, refinance loans, and hold loan servicers and debt collectors accountable for breaking the law and hurting borrowers.
I made sure Congress provided $700 million in a relief fund for borrowers who dedicated their lives to public service but missed technical requirements for loan forgiveness, and I fought to cancel loans for 80,000 students who were cheated by Corinthian Colleges.
Understand this: The Department of Education has broad authority to end the student loan debt crisis. When I'm president, I plan to use that authority.
I will also use all the tools available to me to address the racial disparities in higher education, crack down on for-profit institutions, and eliminate predatory lending.
The future of our economy and a generation of student loan borrowers are at risk, and we must use every tool and opportunity we have to help them. We can't let corruption in Washington hold back big, structural change. I’m committed to seeing this fight through—no matter what.
