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.
Statistics are shown for this demographic
Response rates from 719 Social Democracy voters.
83% Yes |
17% No |
77% Yes |
8% 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 |
1% No, this is unfair to students who already paid off their loans |
|
0% No, forgiving loans creates a moral hazard |
Trend of support over time for each answer from 719 Social Democracy voters.
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Trend of how important this issue is for 719 Social Democracy voters.
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Unique answers from Social Democracy voters whose views went beyond the provided options.
@95DBZ892yrs2Y
Yes, but we should also focus on lowering the cost of education
@9989DXL2yrs2Y
Yes, but I do believe it is unfair to students who already paid off their loans, to those who are not eligible to receive forgiveness, and is unfair to taxpayers who will have to pick up the bill.
@96PD2SN2yrs2Y
Yes, and we should also focus on lowering the cost of education
@9585X992yrs2Y
Yes, and we should focus on lowering the cost of education.
@95X5KMQ2yrs2Y
Yes, but we should focus on lowering the cost of education.
@Silver9112yrs2Y
Loans are very predatory towards the middle and especially lower class putting a majority of our workers in a state of unaffordable debt. This helps more people live a richer happier life! And as for the counter arguments of
@95FLR3D2yrs2Y
Yes, and we should focus on lowering the cost of education
@985KW6B2yrs2Y
yes, but we should focus on lowering the cost of education
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