Sen. Elizabeth Warren (D-Mass.) defended her plan to eliminate millions of dollars of student loan debt after a video surfaced of a father pressing her on whether people who saved money to pay for college would be “screwed.”
In an interview on “CBS This Morning,” Warren argued that you couldn’t discard policies because they don’t help everyone.
“Look, we build a future going forward by making it better. By that same logic, what would we have done? Not started Social Security because we didn’t start it last week for you or last month for you?”
Watch her comments below:
Last night, a father who saved for his daughter’s college education approached @SenWarren and challenged her proposed student loan forgiveness plan.@TonyDokoupil asks the senator for her response: pic.twitter.com/jLUXPqChC6— CBS This Morning (@CBSThisMorning) January 24, 2020
“Our kids have taken on a trillion and a half dollars in student loan debt. We have to back that up and say, ‘We’re doing better going forward.’ That we’re not going to say the next generation has to take on two trillion dollars of debt,” she added.
Her comments come after a video surfaced of a father — who said he saved up to pay for his daughter’s college education — asked if he would get his money back under her plan.
He suggested that those who “did the right thing” and saved money to pay for college rather than take out loans would be “screwed,” as IJR has previously reported.
Warren’s student loan forgiveness plan, which is estimated to cost $640 billion, would eliminate up to $50,000 in student loan debt for those who earn less than $100,000 a year.
Citing the “broad legal authority” granted to the Education Department, Warren said she would direct the agency to erase the debt on her first day as president.