Boston Globe Editorial: Warren focuses on college debt; Congress must join the debate
ELIZABETH WARREN was elected to the Senate with the expectation that she'd make bold use of her bully pulpit. Her first proposed bill, which would dramatically lower student-loan interest rates, fits that profile. Warren has gotten considerable attention for her bill, which would reduce the interest rate on some student loans to 0.75 percent, the same rate the Federal Reserve currently charges to banks for short-term lending. This has allowed Warren to talk about the need to invest in education, while also - in something of a non sequitur - criticizing big banks for what she has long complained is favorable treatment from the government.
Warren deserves credit for jump-starting a debate with implications for millions of students, thousands of institutions, and the future of the US economy. Now, Congress needs to follow through.