In August 2022 President Joe Biden announced that his administration will forgive up to $20,000 of student loan debt. The plan will cancel $10,000 in federal student loan debt for borrowers making under $125,000 a year or couples making less than $250,000 a year. Borrowers who receive federal Pell Grants and make less than $125,000 a year would be eligible for total forgiveness of $20,000. The Wharton School of Business estimated that the plan will cost $300 billion over 10 years.
55% Yes |
45% No |
48% Yes |
32% No |
7% Yes, but we should cancel all student loan debt and make education free |
8% No, we should instead focus on lowering the cost of education |
4% No, this is unfair to students who already paid off their loans |
|
1% No, forgiving loans creates a moral hazard |
See how support for each position on “Student Loan Forgiveness” has changed over time for 23.7k America voters.
Loading data...
Loading chart...
See how importance of “Student Loan Forgiveness” has changed over time for 23.7k America voters.
Loading data...
Loading chart...
Unique answers from America users whose views extended beyond the provided choices.
@95DBZ892yrs2Y
Yes, but we should also focus on lowering the cost of education
@985KW6B1yr1Y
yes, but we should focus on lowering the cost of education
@9585X992yrs2Y
Yes, and we should focus on lowering the cost of education.
@96PD2SN1yr1Y
Yes, and we should also focus on lowering the cost of education
@95X5KMQ2yrs2Y
Yes, but we should focus on lowering the cost of education.
@95FLR3D2yrs2Y
Yes, and we should focus on lowering the cost of education
Stay up-to-date on the most recent “Student Loan Forgiveness” news articles, updated frequently.
@NurturingActivi5t1wk1W
Kamala Harris: "Your loans will be completely forgiven regardless of income, and even if you didn't graduate."
@ISIDEWITH1wk1W
President Biden on Monday announced a large-scale effort to help pay off federal student loans for tens of millions of American borrowers, seeking an election-year boost by returning to a 2020 campaign promise that was blocked by the Supreme Court last year.Mr. Biden’s new plan would reduce the amount that 25 million borrowers still owe on their undergraduate and graduate loans. It would wipe away the entire amount for more than four million Americans. Altogether, White House officials said, 10 million borrowers would see debt relief of $5,000 or more.“While a college degree still is a ticket to the middle class, that ticket is becoming much too expensive,” Mr. Biden said during a speech to a small but enthusiastic audience filled with supporters. “Today, too many Americans, especially young people, are saddled with too much debt.”Mr. Biden announced the plan in Madison, Wis., the capital of a critical swing state and a college town that symbolizes the president’s promise to make higher-education affordability a cornerstone of his economic agenda.But it is a promise he has so far failed to achieve, largely because of legal challenges from Republicans and other critics. They accuse Mr. Biden of unlawfully using his executive authority to enact a costly transfer of wealth from taxpayers who have not taken out federal student loans to those who have.Officials did not say how much the new plan would cost over the coming years, but critics have said it could increase inflation and add to the federal debt by billions of dollars.Since the Supreme Court blocked Mr. Biden’s first effort, the White House has used existing regulations and executive orders to waive $146 billion in student loan debts for about four million borrowers. But those efforts fell far short of his original plan to wipe out $400 billion in student debt for about 43 million borrowers.Mr. Biden said Monday that his new effort would help the economy by removing the drag of enormous debt from people who would otherwise not be able to buy a home or pursue a more economically sound future.“We’re giving people a chance to make it,” Mr. Biden said. “Not a guarantee. Just a chance to make it.”Neal McCluskey, the director of the Center for Educational Freedom at the Cato Institute, called the new plan “dangerous policy” that is unfair to taxpayers and would cause colleges and universities to raise their prices.“The Constitution gives Congress, not the president, the authority to enact law, and the Supreme Court has already struck down a unilateral, mass student debt cancellation scheme by the Biden administration,” he said. “It would stick taxpayers with bills for debts other people chose for their own financial advancement.”Maya MacGuineas, the president of the Committee for a Responsible Federal Budget, said “we most certainly shouldn’t be paying off student debt by adding to public debt, which gets us stuck in a dangerous debt loop.”Administration officials said the new plan is more targeted than the original, across-the-board debt relief effort and is based on a different law, making it more likely to survive the expected challenges. They said lawyers for the White House and the Education Department have studied the Supreme Court ruling and have designed the new program to make sure it does not violate the principles laid out by the justices.Officials said that 23 million people would most likely have all of their interest-related balances waived from that provision.
@ISIDEWITH2mos2MO
President Joe Biden’s team is increasingly taking extraordinary steps to minimize disruptions from pro-Palestinian protests at his events by making them smaller, withholding their precise locations from the media and the public until he arrives, avoiding college campuses and, in at least one instance, considering hiring a private company to vet attendees.The Biden campaign is organizing a number of “larger-scale events over the coming weeks,” after the State of the Union address, according to a source familiar with the planning, “reaching voters where they are, including on college campuses.” Last fall, Harris launched a tour of college campuses that was focused on reaching young voters. After a spate of events in the fall, Biden officials planned to move the effort to the campaign and extend it into the spring semester, as well, according to a campaign official familiar with the planning. But the college-specific series was postponed over concerns about protests from students who oppose the Biden administration’s handling of the Israel-Hamas war, this official said.Last week, though, Biden chose to announce a $1.2 billion student loan forgiveness program in front of a few dozen people at a small public library in the Los Angeles area, not at one of the at least five large college campuses within a 10-mile radius.
Explore other topics that are important to America voters.
@ISIDEWITH9yrs9Y
Active 46mins agoLast Spring the U.S. Senate defeated The Bank on Students Emergency Loan Refinancing Act by a vote of 58-38. The act, proposed by Senator Elizabeth Warren (D-MA) would lower the interest rate on existing student loans from 7% to 3.86%. The act would be financed by levying a mandatory income tax of 30%…
