Sanders desires to cancel all education loan financial obligation, also for the rich

Sen. Bernie Sanders on Monday proposed eliminating every one of the almost $1.6 trillion in outstanding education loan financial obligation owed by Us americans, increasing the stakes on a concern which has increasingly animated the modern root of the Democratic celebration.

Sanders could be the latest 2020 presidential contender to propose a one-time cancellation system that could forgive big portions of education loan financial obligation, which can be owed by some 45 million Us citizens.

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