Loan forgiveness ‘is a matter of fairness’

On Friday’s show of ABC’s “The View,” Sen. Elizabeth Warren (D-MA) answered a question about what she would say to people who were working to pay off their student loans who thought it would be unfair for other people to have their loans canceled by stating that “about 40%” of people with loans don’t have degrees and that the problem “is about equity”.

Guest co-host Lindsey Granger asked, “You fiercely pleaded for the president to forgive student loan debt, but in reality only 13% of Americans even have federal student loan debt. So, is this really the best way to reach most voters, and also, what do you say to someone like me who worked two jobs for a decade to pay off all his student loans, just finished? Where can I register for a refund? »

Warren replied, “So let’s start with who has student loans today, about 40% of people with student loans don’t have a college degree. These are people who tried and life happened. Pregnancies, they were already working two jobs and lost one, mom got sick, the family had to move somewhere else, and now they’re earning what a high school grad earns and they’re trying to pay off college debt, and it’s crushing their bones . Keep in mind that of those with student loan debt, more than half have negative wealth. They have no wealth. You know that there are currently tens of thousands of people living on social security and having their social security checks garnished to pay student loans. And so, for me, it’s a matter of fairness. There was a time in America when we invested in our public colleges and universities. That’s how I could go to college that costs $50 a semester and pay for it with part-time jobs, but today that option doesn’t exist for our young people. So it’s about saying, look, this is hard, we get that. We want to invest in you. We want to invest in your education.

Follow Ian Hanchett on Twitter @IanHanchett


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