Sens. Chuck Schumer (D-NY) and Elizabeth Warren (D-MA) attempted to celebrate President Joe Biden’s recent student loan forgiveness plan in an online video.
The pair stood outside the Capitol in a video posted to X on Thursday, discussing Biden’s idea to waive accrued and capitalized interest for over 30 million borrowers for the price of $57.75 billion. Schumer explained that the plan would apply to “both middle-class people and working people but particularly people of color, many of whose parents didn’t go to college; they got taken advantage of by some of the colleges particularly some of the for-profit ones.”
“That’s a lot of people,” Warren said. “That is four Massachusettses.”
“And four New York Cities — even better,” Schumer quipped.
“It’s also going to be a lot of people who don’t have diplomas,” Warren said. “People who started and tried and life happened. You know, they had babies. They had jobs. Other people got sick.”
Warren, 74, attended George Washington University when tuition cost $50 a semester. She went on to study at Rutgers University’s Newark School of Law and then the University of Houston’s Law Center.
“Buy those votes you corrupt pos,” one user wrote in response to the video.
“Elitist giving to elitist on the backs of the working class,” another user commented. “And yet Bidenomics is crushing the middle and lower class. Socialism.”
“Meanwhile our interest payments on the debt have exceeded social security. The debt bomb approaches and you light the fuse,” another user wrote.
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Biden’s plan would also cancel the student debt of any borrowers who have been in repayment for 20 years or more.
Missouri Attorney General Andrew Bailey responded by filing a lawsuit against Biden and the Department of Education earlier this week. This comes after the Supreme Court already struck down Biden’s previous student loan forgiveness plan.
