Democratic presidential candidate Bernie Sanders unveiled a plan to forgive all US student loans, freeing around 45 million Americans from debt that would normally take decades to pay off.

The proposal would see the loans paid off through a new tax on Wall Street transactions in a bid to ‘make a full and complete education a human right’.

When proposing the plan, Sanders argued ‘the American people bailed out Wall Street, now it's time for Wall Street to come to the aid of the middle class of this country’.