In the hours before the Democratic presidential debate in Iowa, U.S. Senator Elizabeth Warren detailed her latest proposal on how - if elected president - she would forgive federal student loan debt of up to $50,000. She says she can do it her first day in the White House and without Congress... The U.S. Senator from Massachusetts said she would be able to help about 42 million people with their student debt by using the Department of Education's pre-existing authority, which she says gives the Secretary of Education the power to wipe away loans on its discretion. Warren has made affordable college a center piece to her campaign as a way to reduce economic inequality..