Biden's team seems to concede that one provision of the bill that was not heavily debated at the time but has become more salient since then--a rule that made private student loans nondischargeable in bankruptcy--was probably not a great idea. The campaign notes that what it refers to as the "Obama-Biden administration" formally recommended that Congress change this in 2015, that in 2016 the Department of Education took administrative action to grant student debt relief, and that earlier in their term they took a range of measures to try to help with student debt--ranging from the "gainful employment rule" to income-based repayments.
Fundamentally, the point of the bill was to make it harder for people to discharge debts in bankruptcy. Biden's view was that this was a good idea, and Warren's was that it wasn't.
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| 2016 Presidential contenders on Education: | |||
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Republicans:
Sen.Ted Cruz(TX) Carly Fiorina(CA) Gov.John Kasich(OH) Sen.Marco Rubio(FL) Donald Trump(NY) |
Democrats:
Secy.Hillary Clinton(NY) Sen.Bernie Sanders(VT) 2016 Third Party Candidates: Roseanne Barr(PF-HI) Robert Steele(L-NY) Dr.Jill Stein(G,MA) | ||
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