Sen. Elizabeth Warren (D-Mass.) announced she would implement a plan to eliminate student loan debt that can bypass Congress, and it would be initiated on her first day in office.
In a plan released on Tuesday, Warren said she would call on the secretary of education to “use their authority to begin to compromise and modify federal student loans consistent with my plan to cancel up to $50,000 in debt for 95 percent of student loan borrowers.” That would impact about 42 million Americans.
