Elizabeth Warren actually said...

"I am told that debt collectors, not infrequently, will ask if people have a 401(k) and recommend that they tap the 401(k) in order to stop the debt collection calls."

"There was a broad democratization of financial products to consumers throughout the 20th century, and student loans were one of those."

"Don't eliminate the loans. Keep restrictions in place."

"Fair point, although we might just say you need a comprehensive solution here that watches where the money is going."