Bernie Sanders uses Super Bowl tweet to push Biden to write off student loan debt

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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.”

Sen. Bernie Sanders, I-Vt., speaks during the press conference on Capitol Hill Tuesday, July 20, 2021, to announce legislation that would require the president to consult with congressional leaders and obtain congressional authorization before to exercise certain national security powers.
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Sen. Bernie Sanders, I-Vt., speaks during the press conference on Capitol Hill Tuesday, July 20, 2021, to announce legislation that would require the president to consult with congressional leaders and obtain congressional authorization before to exercise certain national security powers.
(photo by Bill Clark/CQ-Roll Call, Inc via Getty Images)

WARREN, PROGRESSIVES INCREASE PRESSURE ON BIDEN TO CANCEL STUDENT LOANS

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.

Senator Bernie Sanders (I-VT).

Senator Bernie Sanders (I-VT).
((Photo by Melina Mara-Pool/Getty Images))

“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.”

RESUME OF STUDENT LOAN PAYMENTS WITHOUT DEBT FORGIVENESS WILL BE ‘DISASTROUS’, DEMOCRATS WARN

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.

US President Joe Biden speaks as he joins the White House Covid-19 Response Team call with the National Governors Association: Ken Cedeno/UPI/Bloomberg via Getty Images

US President Joe Biden speaks as he joins the White House Covid-19 Response Team call with the National Governors Association: Ken Cedeno/UPI/Bloomberg via Getty Images
(Ken Cedeno/UPI/Bloomberg via Getty Images)

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A number of House Democrats also urged President Biden to cancel 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



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