In a statement, Sen. Warren, “The student debt crisis is real and it’s crushing millions of people — especially people of color. It’s time to decide: Are we going to be a country that only helps the rich and powerful get richer and more powerful, or are we going to be a country that invests in its future?”
House Majority Whip James E. Clyburn (D-South Carolina) plans to introduce a companion bill in the lower chamber.
“For far too many students and families, the cost of higher education has meant daunting debt and a lifetime of student loan repayments. We need to allow people to get the kind of post-secondary education that will help them achieve their dreams and aspirations, and earn a living to become productive members of society,” said Majority Whip Clyburn.
He added, “I look forward to working with Senator Warren on this legislation that will provide affordable access to education for all Americans and attempts to make amends for the underinvestment made in higher education at the state and federal level for over two decades.”
