His plan to end student loans worth $21,000 yearly, for 45 million americans, has been officially revealed by U.S. Presidential Candidate Bernie Sanders who ensures that the proposal is effective if congress decides to approve it.
According to a report by Fortune, Sander's proposal includes cancelation of a $1.6 trillion debt in student loans, giving the economy a major push to gain approximately $1 trillion, extending for the next 10 years. His plan will also grow 1.6 million new jobs, as suggested by a report from the Levy Economics Institute Bard College.
Furthermore, it will also construct a stack of money given to people to help pay for their needs like purchasinging new homes and new cars or launching a small business, Fortune also reported.
There's more to Sander's idea to make student loans less expensive though as legislators will create public colleges and universities, mainly black colleges and universities, trade schools followed by studentship programs in America tuition-free and debt-free, with that money if his plan to end highly expensive student loans is passed by congress.
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