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• Senator Marco Rubio said he could only pay off $100,000 in student debt because he wrote the book.
• Rubio received an advance payment of $800,000 to write his memoir.
• Rubio said Biden’s student loan forgiveness was “unfair” and “illegal” and would not reform the system.

Republican Senator Marco Rubio said Saturday he understands the problem of student loans in the United States. He, too, was elected to Congress and had $100,000 in student loans before he could write a book that could pay it off.

Florida senators appeared on Fox News’ “One Nation with Brian Kilmeade” against President Joe Biden’s plan to cancel up to $20,000 in student loan debt for federal borrowers making less than $125,000 a year. We talked about concerns.

Rubio agreed that student loans needed to be reformed, and said he, too, had thousands of dollars in student loans over the years.

“I had over $100,000 in student loans,” Rubio said. “The day I was elected to the Senate, I still had over $100,000 in student loans, which I was able to pay off because I wrote the book. I could pay for it..”

Rubio graduated from the University of Florida in 1993 and received a law degree from the University of Miami School of Law in 1996. Before he was elected to the Senate in 2010, he held local and state offices, including Speaker of the Florida House of Representatives. .

His book, America’s Son: A Memoir, was published in 2013. Financial disclosures showed Rubio received an advance payment for the book of $800,000 from publisher Penguin Group in 2012, according to Tampa Bay. The Times reported. The disclosure also indicated that Rubio did not report having $100,000 in student loans.

—Acyn (@Acyn) August 28, 2022

As a U.S. Senator, Rubio’s annual salary has been $174,000 since taking office in 2011, and as is common for U.S. politicians, his income has been greatly boosted by book deals and royalties. I’m here.

He published his second book, American Dreams: Restoring Economic Opportunity for Everyone, in 2015. It’s unclear how much book advance Rubio received for the book, but the Associated Press suggests that 2012 was his most lucrative year in 2016. It was less than his first book.

Rubio told Fox News that while he agreed the student loan situation was “broken” and “needs to be fixed,” Biden’s plan did not include long-term reforms. Told.

“I have a bipartisan idea that I have been pushing for years to do this. This plan is not about reforming the system.” It will not be. “

Rubio also believes that student loan forgiveness is “illegal” and that “the president does not have the authority to do this.” reiterated his belief that 85% of Americans have no student loan debt.