Mixed public opinion on Biden’s student loan forgiveness plan, poll finds
A A new poll has found a majority support some form of student loan forgiveness, but also think people who haven’t attended college shouldn’t have to foot the bill, suggesting the relief plan envisioned by President Joe Biden would receive a mixed reception.
The new YouGov poll found that more than 60% of people support some student debt forgiveness for all borrowers, including 26% who want to see all student loan debt forgiven. Meanwhile, only 33% of people think there should be no student loan forgiveness.
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But the survey also found that 47% of the public think canceling student loans would be unfair to people who have already repaid their loans, and 60% of those polled said they did not think people who had not attended university should be made to pay the bill.
The poll results come as the Biden administration is reportedly working on a plan to write off at least some of the $1.5 trillion in student loan debt held by the federal government through executive action. Payments and interest accrual on federally held student loans were frozen at the start of the pandemic by the Trump administration, and the Biden administration has extended the freeze several times, most recently the month latest.
Most borrowers could see at least $10,000 of student loan debt eliminated under plans currently being considered by the administration, which would eliminate more than a quarter of the average student loan balance.
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Experts, including some liberal lawyers, say a broad student loan forgiveness would likely run into serious legal difficulties.
The YouGov poll had a sample of 1,000 people and a margin of error of plus or minus 3.4%.