Sen. Bernie Sanders (I-VT.) proposed that the federal government pay to wipe clean the $1.6 trillion in student loan debt held by 45 million Americans, according to The Washington Post. The student loan forgiveness proposal would cover undergraduate, graduate, and private debt as a part of a package that would make college institutions completely tuition-free.
“This is truly a revolutionary proposal,” stated Sanders. “In a generation hard hit by the Wall Street crash of 2008, it forgives all student debt and ends the absurdity of sentencing an entire generation to a lifetime of debt for the ‘crime’ of getting a college education,” he continued. The push to eliminate student debt is a major topic for many Democratic candidates for the 2020 presidential race. Sen. Elizabeth Warren (D-Mass) is also proposing a $640 billion in student debt forgiveness.