The things Elizabeth Warren gets wrong in her college plan:
Share to twitterSenator Elizabeth Warren's plan for higher education is a bold, but flawed policy. Senator Elizabeth Warren of Massachusetts just put down a major progressive marker in her bid to win the Democratic presidential nomination. She unveiled a comprehensive higher educationThe several components of Warren’s plan are nicely summarized in Susan Adams’1.
Although Senator Warren deserves credit for the boldness of her plan, its two major planks are flawed policy, even from a progressive point of view that places a priority on making college accessible and affordable for many more students. Here are the problems.Under Warren’s plan, up to $50,000 in student debt would be canceled for every debtor with household income under $100,000.
First, beware the words “partner with states.” What if states decide not to “partner?” Would they be punished by the feds? Lose eligibility for Pell grants or the GI Bill? It’s also not clear how “split” would be quantified, and how much revenue states would need to be a partner.
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