Bernie Sanders Goes for Broke with $1.6 Trillion Debt Forgiveness Plan

The plan escalates a policy arms race with other top 2020 candidates as they prepare to share a debate stage for the first time

has unveiled the most radical plan yet to address the $1.6 trillion student loan crisis, proposing to cancel all student loan debt in the country—with Wall Street footing the bill. “want to make it harder for young people to attend college and reward predatory lenders that keep students trapped in debt,” Sanders

Monday. “We have a better idea: make public colleges and universities tuition-free and cancel all student debt.”of the Democratic primary, would make public colleges and trade schools free and eliminate the debt currently held by 45 million Americans. Under Sanders’s plan, the costs would be offset by taxes on stocks, bond trades, and other transactions, the, who also announced plans to introduce legislation in the House that would cancel student loan debt and make college tuition-free.

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