Support for Debt Forgiveness, But…

"A poll conducted by NPR and Ipsos found that although debt forgiveness is popular among Americans, a majority would prefer the Biden administration focus on efforts to make college more affordable," Inside Higher Ed reports.

The poll of over 1,000 Americans provided a look into what both borrowers and individuals without student debt think about various aspects of President Biden's promised plan to cancel at least some student debt.

Over half of all respondents, both those who have loans and those who don't, support a move by Biden to relieve at least $10,000 of student debt per borrower, which has been reported to be the administration's most likely proposal. On the other hand, 82 percent said that Biden should prioritize making college more affordable over debt forgiveness.

... 'We are going to have significant challenges in onboarding millions of people into repayment, and doing so at a time when year-over-year inflation is approaching double digits,' said Justin Draeger, president of the National Association of Student Financial Aid Administrators."

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Publication Date: 6/21/2022

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