Democrats Push for Student Loan Debt Forgiveness Over Coronavirus
“Student loan debt cancellation MUST be a part of the next emergency coronavirus package”
Never let a crisis go to waste, right?
Campus Reform reports:
Dems push for student loan forgiveness in coronavirus relief package
Sen. Elizabeth Warren (D-Mass.) and Rep. Ayanna Pressley (D-Mass.) called for the “next coronavirus relief package” to include “cancellation” of all student loan debt. This comes after the House passed the coronavirus “relief bill.
Trump approved the first of a series of coronavirus relief bills on Wednesday, which included paid sick leave and free coronavirus testing.
On Tuesday, Pressley, who was on Warren’s presidential campaign team as co-chair, tweeted out that the Secretary of Education needs to take “bold action” on student debt in order to prevent any crisis as seen in the recession of 2008.
We need bold action now. A plan that will ensure that we do not repeat the mistakes of the 2008 financial crisis.
Debt cancellation. Across the board.
Immediately, the Secretary of Education must take over all monthly payments during this public health emergency.
— Ayanna Pressley (@AyannaPressley) March 17, 2020
Student loan debt cancellation MUST be a part of the next emergency coronavirus package to deliver relief immediately to millions of families and remove a giant weight that’s dragging down our economy. Senate and House progressives are in this fight all the way.
— Elizabeth Warren (@SenWarren) March 17, 2020
DONATE
Donations tax deductible
to the full extent allowed by law.
Comments
Maybe I’m crazy but I see no logical connection between a deadly disease and student loan debt. Medical debt, sure. But student loans?
Warren has no idea why she’s not the nominee, does she?
I agree. It’s not like students are getting laid off or having to shutter their business.
Whether colleges should refund tuition, dorm fees, etc. is a different question. I’m inclined to be on the students’ side with that one.
As for Warren, she has a lots of ideas but none of them make any sense.
About as much logic as towns in Washington state banning the sale or possession of firearms, no liquor or ammo sales, all in the name of the Wuhan Virus panic.
Trying to bribe the student Sandersnistas who were looking forward to great (i.e., free) things.
Machiavelli said, “Never waste the opportunity offered by a good crisis.” In World War II, Winston Churchill paraphrased Machiavelli, saying “Never let a good crisis go to waste.”
The Dems want to be buy college students’ votes. This crisis might be the best chance they’ll get.
The **CONTINUING** and unresolved problem is that the **COST** of going to college.
Colleges could:
1) Co-sign the loans.
2) Reduce cost to 1990 levels (adjusted for inflation).
Otherwise, the colleges will keep adding admin staff and costs will continue to rise and we’ll be back here in 5 years.