Elizabeth Warren

A vision was laid down by Elizabeth Warren on higher education that students be given the option of being debt free

Money belonging to tax payers should not be squandered by colleges so that they can co-exist.

At the Institute of Albert Shankar on Wednesday, Elizabeth Warren addressed a crowd on how to ensure students get a debt free option for those who wish to attend college. Her address also looked at cost of colleges and abusive practises in for-profit colleges.

She illustrated that there was no conflict in the two ideas.

It begins with courage: this is when the Republicans and Democrats are able to acknowledge the level of wrongs and how real the other side’s point is. This can be done if the Republicans acknowledge that there won’t be colleges that can be afforded without investing resources in education and if Democrats own up that there won’t be colleges that can be afforded without asking for accountability in place of those investments.

What Warren is trying to say is that the money needed for every student to attend college free of charge should be spent but we should confirm that the money is being spent well by colleges that receive the money. She blasted colleges that engage and pay for student competitions such as wall climbing, fancy dorms, lazy rivers, etc and yet they still have high tuition fess.

Warren also contended with the Education Department in their failure to punish a servicer of student loan named Navient who failed to top interest rates on military veterans loans which by law they ought to do.

Rather than taking it out on Navient, an investigation was carried out by the Education Department and after a year it was made known that Navient was free of misconduct. Warren also brought up an analogy concerning the issue that made her a star on Wall Street. She concluded by saying that to the senior officials at the Education Department, Navient is too big to fail.

In handling issues of letting go more student resources while dwelling in the for-profit sector abusive measures, she is warding off very powerful political interests. Looking back at the year 2012, there was a vote by the House of Representatives who voted 303-114. These rules will have government subsidies that are limited for for-profit colleges that are abusive- with an addition of 69 Democrats to every Republican.

There were lots of action items in her plan such as easier application for education assistance, Pell Grant program improvement, federal aid expansion, actual rules enforcement as seen on the books, and letting students refinance their loans in bankruptcy. Her remarks can be read here.

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