What would it mean to cancel student debt? A variety of opinions were on display during a hearing convened Tuesday by Senator Elizabeth Warren, a Massachusetts Democrat, her first as chair of the subcommittee on economic policy.
For Warren, who has been urging President Joe Biden to cancel up to $50,000 in student debt since she campaigned for president, broad-based student-loan discharge would mean declaring the nations higher education finance system, a big failure.
Weve tried piling one complicated program on top of another to help people manage their debts, Warren said. Its time to go big and to go simple.
Warren convened the hearing to make the case for student-debt cancellation, a policy shes been pushing since her presidential ca…
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