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Warren promises to bypass Congress to forgive student loan debt

Washington Examiner logo Washington Examiner 1/14/2020 Nihal Krishan
Elizabeth Warren et al. in a red shirt © Provided by MediaDC: Washington Newspaper Publishing Company, Inc.

Elizabeth Warren promised to cancel student loan debt for up to 42 million Americans on the first day of her administration, bypassing Congress to do so administratively.

The Democratic presidential candidate said in a plan released Tuesday that she would direct her secretary of education to "compromise and modify" federal student loans consistent with her plan to cancel up to $50,000 in debt for 95% of student loan borrowers.

"We can’t afford to wait for Congress to act," Warren said in the plan.

The Massachusetts senator said the Education Department, through the Higher Education Act of 1965, already has authority to cancel student debt.

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