News Coverage

June 17, 2014

Boston Business Journal: Sen. Warren, Mayor Walsh advocate for increased medical research funding

June 17, 2014 U.S. Sen. Elizabeth Warren stood in front of a room full of cancer patient advocates and cancer researchers on Monday, reciting a goal that has been spoken repeatedly around this city - funding for medical research needs to be increased. "More people are surviving cancer because we're finding so many more ways to attack it," she said. (Research) is the best way to fight back." ... Warren urged attendees to press their federal representatives to increase funding. But she also … Continue Reading

June 11, 2014

Greenfield Recorder Editorial: Senate can help with college debt relief

June 11, 2014 A college degree is supposed to be a springboard to one's future. Studies show that those who have earned, say, a bachelor's degree, will earn hundreds of thousands of dollars more over a 40-year employment career than a person with just a high school diploma. ... Although Congress has - grudgingly - made some changes for future students, it hasn't done much for those with existing loans. Many graduates, therefore, are faced with paying back their loans plus 7 percent … Continue Reading

June 10, 2014

New York Times Editorial: Student Borrowers and the Economy

June 10, 2014 President Obama took an important step this week when he signed an executive order providing relief to millions of struggling student loan borrowers and urged Congress to pass a student loan refinancing bill that is scheduled for a vote in the Senate on Wednesday. Both the executive order and the refinancing bill speak to a grave problem that has trapped recent college graduates and threatens the long-term health of the economy. ... The executive order signed on Monday will help … Continue Reading

June 10, 2014

Boston Globe Editorial: Elizabeth Warren’s student loan bill is worth talking about

June 10, 2014 The first bill Senator Elizabeth Warren ever filed had to do with student loans: Last year, she proposed offering new student loan rates that were as eye-catchingly low as the rate that the Federal Reserve charges banks for short-term lending. That bill, a bit of political theater, went nowhere. Now Warren is back with a new - and more modest - proposal that would allow many people to refinance existing student loans at lower rates. Warren says her bill would affect millions of … Continue Reading

June 08, 2014

Berkshire Eagle Editorial: Taking on student debt

June 8, 2014 The escalating cost of a college education and the resulting debt burden too many young people take on to get that education creates a dilemma that goes well beyond the plight of students. By sending into the world a generation of college graduations too overwhelmed with debt to buy homes or even cars, the twin scourge of high cost and high debt threatens to put the breaks on an already struggling economy. This problem is everybody's problem. This week, the U.S. Senate is expected … Continue Reading

June 08, 2014

MetroWest Daily News Editorial: A better deal on student debt

June 8, 2014 As members of the Class of 2014 marched out of their college commencement exercises, they carried with them more than pride in their accomplishments, the best wishes of their families and upgraded resumes. They also carried a boatload of student loan debt. The Wall Street Journal reports the average 2014 graduate will owe $33,000. That's up from $31,000 in the last year. The average for the Class of 1993, for comparison, was just $10,000. This is a huge problem for the Class of … Continue Reading

June 07, 2014

Springfield Republican: With vote nearing on Sen. Elizabeth Warren's student loan debt refinancing bill, President Barack Obama offers up his support

By Robert Rizzuto June 7, 2014 WASHINGTON - With President Barack Obama set to officially endorse Sen. Elizabeth Warren's Bank on Students Emergency Loan Refinancing Act on Monday, the commander in chief dedicated his weekly address to highlighting the bill and the problem of college debt dragging down the next generation. "In a 21st century economy, the surest pathway into the middle class is some form of higher education. The unemployment rate for workers with a bachelor's degree is just 3.3 … Continue Reading

May 19, 2014

Roll Call: Elizabeth Warren Leads Progressive Charge, but Has GOP Admirers Too

By Niels Lesniewski May 19, 2014 "What reaction do you usually expect from banks?" Sen. Elizabeth Warren asked a reporter last week. It was classic Warren. Appearing at a news conference with fellow Democrats and D.C.-area college students to roll out legislation she spearheaded that would let borrowers refinance student loans, the Massachusetts Democrat dismissed a question about financial institutions losing profits from older, high-interest loans. "There's a real question here. Does … Continue Reading

May 19, 2014

Boston Globe: Forum addresses struggles of working families

By Katie JohnstonMay 19, 2014 CAMBRIDGE - Families are working harder than ever, but falling further behind -- and easing their struggle will require significant policy changes, including raising the minimum wage, closing the gender wage gap, refinancing student loan debt, and creating affordable child care, a group of women lawmakers, economists, and researchers said Monday. These and other proposals were discussed as part of forum on the challenges facing working families, one of five … Continue Reading

May 11, 2014

WGBH News: Warren Renews Push To Refinance Student Loan Debt

By Kirk CarapezzaMay 11, 2014 Senator Elizabeth Warren is renewing her effort to help former college students pay back their student loan debt. Warren wants to bring high student loan interest rates down to the rates that are offered to new borrowers this year. Earlier this week, WGBH's On Campus caught up with the senator shortly after she left the floor of the Senate where she filed a bill to do just that. On Campus: If successful, what will this bill mean for those who have outstanding … Continue Reading

May 07, 2014

Springfield Republican: US Sens. Elizabeth Warren, Ed Markey announce $32 million in AmeriCorps funding for Massachusetts

By Robert Rizzuto May 7, 2014 WASHINGTON - Both U.S. Senators from Massachusetts on Wednesday announced the Bay State would receive more than $32 million in AmeriCorps funding which is expected to place nearly 7,000 people with 18 different organizations across the commonwealth. A combination of Corporation for National and Community Service grants totaling $32,933,000 were slated by Democratic Sens. Elizabeth Warren and Ed Markey to assist AmeriCorps member groups tackling a range of issues … Continue Reading

May 06, 2014

Associated Press: Education Gets Top Billing on Capitol Hill

By Kimberly Hefling May 6, 2014 Lawmakers looking ahead to the November elections are putting renewed focus on education, tackling issues on Capitol Hill this week ranging from expanding charter schools to paying off student loan debt. ... Student loans, the subject of some contentious debate in 2013, are coming up again in both the House and Senate. With the doubling of interest rates looming, Congress last year acted to keep them at low level levels for now - but linked those rates to the … Continue Reading

May 06, 2014

Springfield Republican: Sen. Elizabeth Warren introducing bill to reduce burden of student loan debt in US and enact 'Buffett Rule'

By Robert Rizzuto May 6, 2014 WASHINGTON - U.S. Sen. Elizabeth Warren is introducing legislation in the Senate on Tuesday that tackles two of her policy priorities - college debt and the tax rate paid by the wealthy. Warren, a Massachusetts Democrat, is poised to introduce a bill which, in part, would allow people holding student loans financed at rates higher than today's interest rate to refinance those loans, similar to the way one refinances a home mortgage or car loan. "When interest … Continue Reading

April 29, 2014

Cape Cod Times Editorial: Drowning in debt

April 29, 2014 In the last year, student loan debt surged to $1.2 trillion - about double what it was just seven years ago, according to a report from the Federal Reserve Bank of New York. That's more than credit card and auto-loan debt. In fact, student loan debt is second only to the amount owed on home mortgages. U.S. Sen. Elizabeth Warren, D-Mass., is among those sounding the alarm about what economists say could become a major financial crisis if preventive steps are not taken - and soon. … Continue Reading

April 28, 2014

Huffington Post: SEC Commissioner Issues Scathing Dissent From Ruling, Elizabeth Warren Echoes Concern

By Ashley Alman April 28, 2014 Securities and Exchange Commissioner Kara Stein on Monday denounced the regulator's decision to continue providing special benefits to a big bank after its conviction for manipulating interest rates. The SEC spared Royal Bank of Scotland Group from losing its regulatory status as a well-known seasoned issuer on Friday. The bank was criminally convicted earlier this year for manipulating the Libor benchmark interest rate. The bank's crimes, Stein said Monday in a … Continue Reading

April 23, 2014

American Banker: Lawmakers Push Rule Changes at DoE over Student Accounts

By Victoria Finkle April 23, 2014 WASHINGTON - A Democratic coalition of nearly two dozen lawmakers is urging the Department of Education to change its rules to better protect students from unfair banking practices at colleges. The lawmakers, led by Sens. Elizabeth Warren, D-Mass., Tom Harkin, D-Iowa, Dick Durbin, D-Ill., and Rep. George Miller, D-Calif., sent a letter Wednesday to the Department of Education responding to proposed changes to the agency's Title IV cash management rules, which … Continue Reading

April 13, 2014

Boston Globe: Elizabeth Warren decries US college loan profits

By: Dan Adams April 13, 2014 US Senator Elizabeth Warren blasted government profits on student loans in a speech at Suffolk University's Law School on Saturday, firing up a crowd of law students, education researchers, and financial specialists. "This exploding debt is crushing our young people," Warren, a Democrat, said in her speech to attendees of a two-day student loan symposium. "These students didn't go to the mall and run up a bunch of charges on credit cards. They worked hard to learn … Continue Reading

April 12, 2014

Daily Hampshire Gazette: US Sen. Elizabeth Warren fires up local politicians, community organizers at annual municipal conference

By: Laurie Loisel April 12, 2014 NORTHAMPTON - U.S. Sen. Elizabeth Warren offered an analysis Saturday of the federal government's impact on local communities that provided her audience of local elected and appointed officials reasons for hope and anger - in just about equal measure. Warren was the keynote speaker for an annual conference sponsored for 24 years by state Sen. Stanley C. Rosenberg, D-Amherst. Rosenberg said this year's conference drew a bigger crowd than ever, about 240 town and … Continue Reading

April 08, 2014

WWLP NBC 22 Springfield: $4.8M grant to help low-income youth

By: Joel Martinez April 8, 2014 WASHINGTON, DC (WWLP) - Senators Elizabeth Warren, Edward Markey and Congressman Stephen Lynch applauded the announcement of a $4,867,815 grant to Jobs for the Future, Inc. through the Youth CareerConnect program. The grant was announced on Monday by President Obama, and will help Jobs for the Future provide support for students to acquire critical career skills. According to Sen. Warren's office, Jobs for the Future, Inc. offers a range of programs to help … Continue Reading

April 08, 2014

Springfield Republican: Sen. Elizabeth Warren urges colleagues to pass Paycheck Fairness Act addressing income inequality between men and women

By: Robert Rizzuto April 8, 2014 U.S. Sen. Elizabeth Warren, D-Mass., took to the floor of the Senate Tuesday to urge her colleagues to pass the Paycheck Fairness Act, which addresses pay inequalities between men and women in America. The bill would require employers to prove that any discrepancies between male and female pay are job-related and not based in discrimination. Its inception stems in part by a census report which concluded that women typically earn 77 cents for every dollar their … Continue Reading

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