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Sen. Bernie Sanders called for President Biden to cancel student debt in a Super Bowl tweet referencing how much the loan refinancing company SoFi spent to advertise at the stadium.
“How does it happen that SoFI, a student loan re-financing company, could 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 outspoken supporters of canceling student loan debt and proposed a plan in 2019 to eliminate all $1.6 trillion in student debt held by Americans by levying a tax on Wall Street banks.
“This proposal will make it possible for every person in America to get a college education no matter what their financial situation,” Sanders said. “We will make a full and complete education a fundamental right.”
As a presidential candidate, Joe Biden advocated for canceling $10,000 worth of federal student loan debt per borrower. But voters expressed little confidence in a recent poll that he will deliver on this campaign promise in 2022.
While 21% of U.S. adults said that Biden will make “some” or “a lot” of progress in delivering student loan forgiveness this year, the vast majority (59%) believe he will make little or no headway in canceling student debt.
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A number of House Democrats have also urged President Biden to forgive student loans through an executive order on Twitter last month, including Reps. Ilhan Omar, D-Minn.; Pramila Jayapal, D-Wash.; and Ayanna Pressley, D-Mass.
Fox Business contributed to this report