In a Super Bowl tweet, Sen. Bernie Sanders called for President Biden to eliminate student debt, highlighting the amount of money loan refinancing business SoFi spent on advertising at the stadium.
How does it happen that SoFI, a student loan re-financing company, could 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? Today would be a good day for the President to cancel student debt.— Bernie Sanders (@SenSanders) February 13, 2022
Sanders has been a vocal proponent of canceling student loan debt, and in 2019 he suggested a plan to remove all $1.6 trillion in student debt owed by Americans by levying a fee on Wall Street banks.
Joe Biden campaigned for the cancellation of $10,000 in federal student loan debt per borrower as a presidential candidate. In a recent poll, however, supporters indicated little trust that he will follow through on his campaign promise in 2022.
While 21% of adults in the United States believe Biden will make some or a lot of progress this year in terms of student loan forgiveness, the vast majority (59%) believe he will make little or no progress.
Reps. Ilhan Omar, D-Minn., Pramila Jayapal, D-Wash., and Ayanna Pressley, D-Mass., were among the House Democrats who pushed President Biden to cancel student loans via an executive order on Twitter last month.