VIEW: Father Asks Elizabeth Warren If He’s Likely To Get Their Cash Back Right After Paying For Daughter’s Education
In a video that’s stirred up some attention on the web, a self-described father of the university graduate asks Democratic presidential prospect Sen. Elizabeth Warren (MA), whoever platform includes “a plan to cancel education loan debt, ” if he is able to get their cash back after “working a dual change” and dutifully saving so he could purchase their daughter’s university education. Her solution inspires an exasperated reaction from the guy.
The father approaches Warren to ask her about her student loan cancellation plan in a video highlighted over at Twitchy.
“My daughter’s getting away from college, I stored all my money, therefore she doesn’t have student debt, ” the man says. “Am we likely to get my money-back? ”
“Of course maybe not, ” the Massachusetts senator reacts.
“So, we wind up investing in those who didn’t save your self anything, then those that did the right thing get screwed, ” the daddy claims.
He continues on to spell it out those things of their “buddy, ” who he claims makes more income than him but didn’t utilize his cash responsibly. Meanwhile he worked a “double shift” and put money away carefully to make certain their child wasn’t strained with financial obligation.
“So, you’re laughing, ” the guy states as a result to Warren’s reaction. “Yes, that is precisely what you’re doing, ” he states following the senator seems to protest. “We did the thing that is right and we also have screwed, ” the frustrated dad states before walking away.
Father: My child is with in college, we spared all my cash in order to spend student education loans could i have my cash back?
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Warren: needless to say maybe not
Father: which means you desire to assist people who do not save your self hardly any money and those that perform some right thing get screwed? Pic. Twitter.com/EY8M57tj9F
On her official campaign site, Warren details her “plan to cancel education loan financial obligation on time certainly one of my presidency” which include providing debt settlement to “42 million Americans”, handling “racial disparities” in pupil financial obligation, and “making public university and technical school tuition-free. ” several excerpts below (formatting modified):
…i am going to begin to make use of current legislation on time certainly one of my presidency to implement my education loan financial obligation termination plan that provides relief to 42 million Americans — in addition to utilizing all available tools to deal with racial disparities in advanced schooling, crack straight down on for-profit organizations, and expel lending that is predatory. … Here’s just exactly just how it’s going to work:
I’ll direct the Secretary of Education to utilize their authority to begin to compromise and alter student that is federal in line with my intend to cancel as much as $50,000 with debt for 95percent of education loan borrowers (about 42 million individuals).
I’ll additionally direct the Secretary of Education to use every authority that is existing to rein when you look at the for-profit university industry, break straight down on predatory student financing, and fight the racial disparities within our advanced schooling system. …
I’ll ensure that borrowers obtain the relief they deserve by simplifying the applying procedures, doing affirmative outreach to borrowers to encourage them to use, clearing away backlogged applications, utilizing available information to suit borrowers using their release choices, automatically cancelling debts, discharging loans for teams in place of needing people applications, and repairing any negative effects regarding the financial obligation on borrowers’ credit rating. These programs will provide for additional relief — beyond the broad financial obligation termination offered to 42 million borrowers — for up to 1.75 million borrowers.
Further, my management will move right right right back harmful modifications by the Trump management towards the guidelines that govern these programs and implement brand brand new guidelines to make sure that borrowers have the opportunity that is greatest to cancel their debts allowable underneath the legislation. …
As well as canceling student that is existing, we ought to do something to enhance university affordability and control the development of education loan financial obligation later on. We have currently called for brand new legislation making general general general public university and technical college tuition-free, supporting HBCUs and Minority-Serving Institutions and dealing to shut the racial gaps in use of advanced schooling and university conclusion, and ending for-profit colleges’ usage of student aid that is federal.