Bernie Sanders Plans To Cancel $1.6 Trillion of US Student Debt

US Presidential Candidate, Bernie Sanders

If you would like your college debt completely wiped out, Bernie Sanders might be your pick for the 2020 Presidential Election. 

Here's a quick breakdown of Sanders Student Loan Debt Forgiveness:

  • The Loan Debt Forgiveness will be funded by a new tax on financial transactions.
  • Sanders claims the tax will raise more than $2 trillion over the next 10 years. 
  • The tax plan will include a 0.5% fee on all stock trades, a 0.1% fee on all bond trades and a 0.005% fee on all derivatives trades.

Sanders believes the federal government should no longer make a profit on student loans. 

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