Sen. Warren: For-profit colleges suck 25% student federal loans

Tuesday, 10 Jun 2014 | 2:24 PM ET

Student loan debt now totals more than $1.2 trillion. Senator Elizabeth Warren (D-Mass.), discusses the student loan crisis as she prepares an upcoming bill proposal which would refinance current loans and bring down monthly payments. "Student loan debt is crushing individuals, and a drag on the economy," she says.