Elizabeth Warren joins Durbin, Reed in plan to lower student loan debt

[MannyGoldstein]

Sen. Elizabeth Warren joins Dick Durbin, Jack Reed in plan to lower student loan debt

Massachusetts U.S. Sen. Elizabeth Warren has joined two other Senate Democrats in a legislative campaign to lower student loan debt.

Warren, Assistant Majority Leader Dick Durbin of Illinois and senior Banking Committee member Jack Reed of Rhode Island announced Thursday that they are co-sponsoring three pieces of legislation reforming the student loan system.

...

Warren, although only a freshman senator, was an expert in bankruptcy law as a professor at Harvard Law School. Warren co-sponsored Durbin's bill that would allow individuals who declare bankruptcy to get relief from their student loans. The status of student loans in bankruptcy has changed over the years, but currently it is difficult for a person to discharge his student loans due to bankruptcy.

...

Warren said changes are necessary because of "how badly broken" the current system is. "Our kids are getting crushed by student loan debt," Warren said. "The price (of college) is going up, kids take on more debt, and everyone is in trouble."

[Mass]

1. Good. What about lowering public colleges and universities's tuitions and fees.

[DURHAM D]

2. Not a federal issue.

[Mass]

3. So, it does not matter. This is part of the problem.

Everybody cares only about its small part of responsibility and nobody has a global view of the problems,

Actually, it is, Give more federal dollars for higher education and it will lower tuition and fees.

[MannyGoldstein]

4. Perhaps the schools need to reform, too - they keep jacking up rates

And perhaps Americans should earn decent wages again.

[Mass]

5. True, and where does it say a Senator does not have to speak on these issues.

After all, Ms Warren is one of the citizens of the Commonwealth and a powerful one, As such, she is entitled to speak on these issues and I expect her to,

[MannyGoldstein]

6. Of course she should!

And she's speaking about quite a bit right now, don't you think?

[Jackpine Radical]

7. Goddam busybodies.

Doesn't that Warren woman unnnerstand the vital role that overwhelming student debt plays in keeping the eddicated types from raising hell in society wif alla their hoity-toity ideas about Marxism and social reform an alla dat? Ya gotta keep dem Intelligentsia types unner close soopavijin if ya follers me.

[MannyGoldstein]

8. A Very Difficult Woman

As Third-Way head Jim Kessler put it so well, "okay, this seems to be starting to get out of hand."

[Sylvan1]

9. Any chance co-signed student loans will be included?

The parents of students are also getting crushed by these co-signed loans when the students can't find good paying jobs.

[Jefferson23]

10. I would appreciate hearing the word moratorium on these loans. If anyone

might say it, it may be Warren. To say it is difficult for a person to discharge
their student loans currently is an understatement.

Wall Street pigs have us to pick up their tab, always.