Economists Say Forgiving Student Debt Would Boost Economy

[BeckyDem]

1. Elizabeth Warren Took On Obama Over Student Debt Forgiveness.

Elizabeth Warren Took On Obama Over Student Debt Forgiveness. How She Won Is Central To Her 2020 Campaign

Her theory of change is that you focus on one or two levers, and you push them hard.”


Posted on August 14, 2019, at 7:43 p.m. ET

In 2015, when she found herself on Air Force One with then-president Barack Obama, Sen. Elizabeth Warren seized the chance to pressure the most powerful man in the world about an obscure part of federal tax law.

Warren — along with activists, consumer lawyers, and a group of other Democratic senators — was in the midst of what would become a years-long fight to get loan forgiveness for tens of thousands of students who had been defrauded by Corinthian Colleges, a collapsed for-profit college chain.

Earlier, Warren and others had helped convince the Education Department to agree to cancel the loans for some of those for-profit college students, opening the door to forgiveness for hundreds of thousands of people. Now, Warren was waging a new battle against Obama’s Treasury Department, which was planning to hit students with steep tax bills on their forgiven loans.

https://www.buzzfeednews.com/article/mollyhensleyclancy/elizabeth-warren-student-debt-for-profit-colleges