Bernie Sanders: Cancel Student Loans. All Of It.

Bernie Sanders: Cancel Student Loans. All Of It.

Here's what you need to know — and what it means for your student loans. Sanders (I-VT) has a clear message for President Joe Biden: it's time to cancel student loans. Sanders isn't referring to the $17 billion of student loan debt that Biden has cancelled. Sanders doesn't want more targeted student loan cancellation or student loan forgiveness of federal student loans. Rather, Sanders is calling for total student loan cancellation of all $1. 7 trillion of student loans. "Cancel student loans. All of it," Sanders tweeted after Biden announced his fourth extension of the student loan payment pause. This isn't the first time Sanders has called for student loan forgiveness of all student debt. Student loan cancellation was a centerpiece of Sanders' presidential campaigns, and he has led the charge on behalf of student loan borrowers for years. (Student loan cancellation and the student loan payment pause are confusing. Here's what to know). This week, Biden extended the student loan payment pause until August 31, 2022. (Student loan payment pause: Senator says extending student loan relief is unfair to most Americans). This will provide student loan borrowers with four extra months of student loan relief, which includes no mandatory