A majority of voters support President-elect Joe Biden Joe BidenMinnesota certifies Biden victory Trump tells allies he plans to pardon Michael Flynn: report Biden says staff has spoken with Fauci: 'He's been very, very helpful' MORE cancelling up to $50,000 of student debt per person, a new Hill-HarrisX poll finds.
Sixty percent of registered voters in the Nov. 17-19 survey said they support the idea.
By contrast, 40 percent of voters said they do not support the measure.
The survey follows a push from progressive Democratic lawmakers and activists to cancel at least some of the estimated 1.6 trillion student loan debt that roughly 44 million Americans owe.
Eighty-four percent of Democratic voters support Biden cancelling up to $50,000 in student debt per person along with 57 percent of independent voters.
By contrast, 66 percent of Republican respondents oppose the measure.
Seventy-three percent of 18 to 34 year olds and 68 percent of 35 to 49 year olds are in favor of cancelling the student debt while 50 percent of 50 to 64 year olds and 54 percent of 65 year olds or older oppose it.
The Hill-HarrisX poll was conducted online Nov. 17-19 among 1,873 registered voters. It has a margin of error of plus or minus 2.26 percentage points.
michiman on November 25th, 2020 at 03:08 UTC »
As someone with six-figure grad school debt, here are some things that could be done that aren't as controversial:
- Extend the 0% interest on loans through 2021
- Once that expires, let borrowers refinance federal or private loans at non-insane rates e.g. less than 2%
- yeah fine, I'll take forgiveness for whatever amount
But also, something should be done about rising college costs. Just forgiving loans stops the bleeding for many now, but there's nothing incentivizing colleges to reduce costs if future loans just get forgiven. More education funding, sure. idk
Another thing: Charging 7% on federal loans is ridiculous. It accrues while you're in school, and if you go into forbearance during repayment, it gets added to your principal loan. So then you pay interest on top of interest.
Am I a customer or a citizen to invest in? Other countries seem to invest more in their citizens than the US.
ivegottoast on November 25th, 2020 at 00:55 UTC »
Come on folks...Do we really expect a Congress that won't approve $1,200 checks to give folks up to $50,000.
dora-the-explora-69 on November 25th, 2020 at 00:48 UTC »
Does anyone know if the debt cancellation would only be for federal loans? Or private and federal loans? I’ve seen online that it would potentially include private loans but I don’t know how that works because they come from private companies.