@SenSchumer and @SenWarren just dropped a resolution calling for executive action on federal student

[soothsayer]

Link to tweet

?s=21


Stephanie Kelton ステファニー・ケルトン
@StephanieKelton
Whoa. @SenSchumer and @SenWarren just dropped a resolution calling for executive action on federal student loan debt. Up to $50k cancelled by proclamation! https://warren.senate.gov/imo/media/do

[notinkansas]

1. Federal loans are a very small part

of student debt burden. The dollar limit placed on federal loans don't begin to cover college costs, so students are forced to resort to big bank lenders. Those loans often have high interest rates compared to the federal loans. And those banks are killing economic prospects for an entire generation.

[W_HAMILTON]

2. I have over $100k in student loans.

And all of my loans are federal loans.

Don't dare try to belittle this proposal. Most students probably turn towards the federal loan programs first, which means this cancellation of debt would probably benefit most borrowers.

[notinkansas]

4. Dare?

I welcome any proposal to help students with crushing loans.

I just wish this could be taken even further.

Don't dare to tell me what to think.

[W_HAMILTON]

5. And we've seen how that "I just wish this could be taken even further" mentality...

...has been used to depress turnout, which results in lost elections where we get nothing.

$50k in federal student loan relief is incredible and I'm surprised it is even being seriously talked about. This would be a massive boon to almost anyone that has student loans.

[notinkansas]

6. Funny. I don't remember seeing that at all.

Most if not all things proposed by the progressive caucus poll extremely well with voters. The mid-terms were a good example.

I'm not arguing with you about the benefit of this proposal. It's great. I just don't want to see students with other than federal loans left behind.

[pecosbob]

3. Hear, hear.

Yeah, I mean you, Mitch...we're comin' for ya.