Sen. Elizabeth Warren Calls for Total Overhaul of Student Loan System

"It's long past time for the Department of Education's bank to clean up its act and start running the student loan program to benefit students—not private companies," declared Sen. Elizabeth Warren on the floor of the U.S. Senate on Wednesday as she announced a plan (pdf) for the Department of Education (DOE) to completely overhaul its student loan servicing system.  Read more.