She’s been promising to do this for most outstanding loans for a while…
Such a move would involve a LOT of money and people ….and would probably help the economy….
And because Republicans won’t go along?
Warren says she’s do on her own as President….
Other Democrats have joined her in saying they would try to provide some relief to those with outstanding loans…
Sen. Elizabeth Warren (D-Mass.) said Tuesday that she would take executive action to cancel most student loans, vowing to sidestep Congress to accomplish a progressive goal that faces stiff opposition from Republicans and even some moderate Democrats.
Warren detailed a sweeping new strategy to provide student debt relief to 42 million Americans on “day one” of her administration — which she said could be achieved through a presidential directive under existing law. Both Warren and her chief progressive rival, Sen. Bernie Sanders (I-Vt.), have advocated major student loan debt relief plans but Warren took that campaign promise a step further as Democrats head for a clash Tuesday night in the last debate before the Iowa caucuses.
The Education Department “already has broad legal authority to cancel student debt, and we can’t afford to wait for Congress to act,” Warren wrote in a Medium post.