Senator Elizabeth Warren was confronted by an angry father at a campaign downhill event in Iowa on Monday, saying those who paid off their student loans will get “screwed” under her student debt cancellation plan.
“My daughter is getting out of school,” the man approached Warren after the event to ask her a question. “I saved all my money. She doesn’t have any student loans. Am I going to get my money back?”
Warren replied, “Of course not.”
“So you want to help those who don’t save any money and the ones that do the right thing get screwed?” he responded.
“No, you’re not going to get screwed,” Warren assured him.
The man went on to compare himself to a friend who refused to pay off his loans to live a luxury lifestyle will now be debt free under her plan.
“My buddy had fun, bought a car, went on vacations. I saved my money. He made more than I did. But I worked a double shift, worked extra — my daughter has worked since she was 10,” he said.
Warren continued to listen on, not defending her campaign plan to assure the man those who paid off their debt will not get screwed. However, she appeared to crack a smile, which angered the father even more.”
So, you’re laughing,” he said as Warren denied it.
“No I’m not,” Warren responded.
“Yes that’s exactly what you’re doing. So you’re going to pay for people who didn’t save any money and those of us who did the right thing get screwed?,” the man said walking away in anger as Warren tried to shake his hand.
“I appreciate your time,” Warren said.
Warren vowed if elected president she would on day one cancel existing federal student loan debt for 42 million Americans and will bypass Congress by directing the Department of Education to modify loans and eliminate debt. In addition to cancelling debt, Warren proposed making public-college tuition free and expanding the Pell grant program. The plan, according to Warren is estimated to cost $640 billion and would cost over $125 trillion over 10 years. She said the plan would be funded through a wealth tax that will be imposed on those who make over $50 million.