Sanders, along with Senator Elizabeth Warren, has offered sweeping student loan proposals that could eliminate most (or all) student loan debt and transform the higher education system. Scenario 1: Congress Enacts Bernie Sanders’s Sweeping Student Loan Forgiveness PlanSenator Sanders has promised widespread student loan forgiveness if he is elected. His campaign has stated that all student loans would be forgiven — not just federal student loans, but also Parent PLUS loans and private student loans. Scenario 2: Bernie Sanders Enacts Student Loan Forgiveness Through Executive ActionSome legal advocates — as well as Senator Elizabeth Warren — have argued that a president does not need Congress to enact widespread student loan forgiveness. Scenario 4: Sanders Improves The Student Loan System Through Regulatory AuthorityEven without Congress, a hypothetical President Sanders could still make meaningful changes to existing student loan programs via the regulatory process.

Source: Forbes February 12, 2020 16:07 UTC