Sanders adviser on student debt plan: 'If we can bail out Wall Street, we can bail out kids'

A senior adviser for Sen. Bernie SandersBernie SandersTrump complains of 'fake polls' after surveys show him trailing multiple Democratic candidates The Hill's Morning Report - Presented by JUUL Labs - Trump attack on progressive Dems draws sharp rebuke Judd Gregg: Counting the costs of Democrats' desires MORE’s (I-Vt.) 2020 presidential campaign touted the Democratic hopeful’s proposal that would erase all outstanding student loan debt and pay for it by implementing a tax on Wall Street. 

“If we can bail out Wall Street, we can bail out kids who are trying to make a better life for themselves,” Chuck Rocha told Hill.TV on Wednesday in response to a question about the plan.

Rocha said the proposal was inspired by voters on the campaign trail.

“It’s what we hear on the road more so than anything — it’s the biggest economical factor that holds people back, is having to make that student loan,” he said.

Sanders on Monday unveiled a proposal that would completely eliminate nearly $1.6 trillion in student debt for about 45 million Americans over the course of six months.

Sanders said he plans to pay for the plan through a tax on trades of stocks, bonds and derivatives.

“We bailed out Wall Street in 2008," Sanders tweeted in response to a Washington Post article about the proposal. "It’s time to tax Wall Street’s greed to help the American people.”

The proposal is part of a package that is aimed at making public colleges, community college and trade schools tuition-free, while also ensuring that students can attended college debt-free.

The move comes just two months after fellow rival and Democratic rival Sen. Elizabeth WarrenElizabeth Ann WarrenTrump complains of 'fake polls' after surveys show him trailing multiple Democratic candidates Amazon warehouse workers strike on Prime Day Elizabeth Warren backs Amazon workers striking on Prime Day MORE (D-Mass.) released her own plan to reform high education plan.

Warren’s proposal would cancel up to $50,000 in student debt for 42 million Americans by implementing an “ultra-millionaire tax” on families with an annual salary of $50 million or more. The plan would also make two- or four-year public college tuition-free.

—Tess Bonn