Senator and presidential contender Elizabeth Warren made headlines last spring when she announced a higher education plan that included student debt cancellation for 95% of student borrowers. That plan would—among other things—cancel up to $50,000 in student loans, scaling back that forgiveness for those individuals earning more than $100,000 annually. This morning, Senator Warren released a new plan that says she would be able to do this on day one of her administration. This new plan is built off of a legal theory proposed by some that under the Higher Education Act—the primary federal law governing higher education—the Secretary of Education can cancel debt under its “compromise and modification” authority.

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by Wesley Whistle, Forbes.

Posted: January 14th, 2020, by: admin. Categories: . Awaiting Comments.