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Senator Bernie Sanders called on President Biden to write off student debt in a Super Bowl tweet referencing how much loan refinance company SoFi spent advertising in the stadium.
“How come SoFI, a student loan refinancing company, can spend $625 million to put its name on the LA Rams football stadium when 45 million Americans are drowning in $1.8 trillion in student debt? Sanders tweeted during the first quarter of the Super Bowl on Sunday. “Today would be a good day for the president to cancel student debt.”
Sanders has been one of the most vocal supporters of student debt forgiveness and proposed a plan in 2019 to eliminate all of the $1.6 trillion student debt held by Americans by levying a tax on Wall Street banks.
“This proposal will allow every person in America to obtain a college education, regardless of their financial situation,” Sanders said. “We will make full education a fundamental right.”
As a presidential candidate, Joe Biden argued for the cancellation of $10,000 in federal student loan debt per borrower. But voters expressed little confidence in a recent survey that he will keep this campaign promise in 2022.
While 21% of American adults said Biden would make “some” or “a lot” of progress in canceling student loans this year, the vast majority (59%) think he will make little or no progress in cancellation of student debt.
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A number of House Democrats have also urged President Biden canceled student loans through an executive order on Twitter last month, including Reps. Ilhan OmarD- Minn. ; Pramila Jayapal, D-Wash.; and Ayanna PressleyD-Mass.
Fox Business contributed to this report