Senator Warren is in the minority in the Senate but is influential in both the Senate and with many in the House. In fact, Warren got a number of Senate Democrats on board with the proposal, including Senate Minority Leader Chuck Schumer (D-NY) and Senate education committee ranking member Patty Murray (D-WA). House Speaker Nancy Pelosi and other House Democrats also supported the idea. Warren also persuaded former Vice President Joe Biden to back the $10,000 student loan forgiveness proposal. The CARES Act didn’t include student debt cancellation, but instead suspended payments for six months, interest-free. Now, Congress is considering another round of coronavirus relief and Warren and others are pushing for student debt cancellation to be included.

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by Wesley Whistle, Forbes.

Posted: July 19th, 2020, by: admin. Categories: . Awaiting Comments.