Main menu

Pages

Student loan forgiveness divides Americans by political party and age rather than education

featured image

Ariel Edwards-Levy, CNN

(CNN)-Americans’ attitudes towards debt relief for students are sharply divided along the lines of partisanship and generation, and Polling is far more different between those with and without a college degree. Shows less.

President Joe Biden announced last month that he is considering options to address the campaign’s pledge to reduce student debt. This includes plans to limit bailouts to $ 10,000 per person and exclude wealthy borrowers. In addition to issuing some extensions of the pandemic-era moratorium on student loan payments, the Biden administration has canceled more than $ 18.5 billion in student debt so far through its existing forgiveness program.

According to a CNN survey conducted by SSRS in late April and May, about half, or 49%, of Americans believe that the US government is too small to deal with student loan debt. The rest that the current approach is almost correct. For comparison, 81% say the government has taken less action against inflation.

According to a CNN survey, the Democratic majority (56%), and the wider majority of self-proclaimed liberals (69%), say the government does little to pay for student loan debt, but Republicans. It’s only one-third of. Self-proclaimed conservatives say the same thing. 70% of adults under the age of 35 say government action is too little. This figure drops to 50% for adults aged 35-49 and 35% for adults aged 50 and over.

There are also disparities based on race and income. Six out of ten people of color say that government action is too little. In contrast, 42% of white Americans say the same thing. Also, 57% of households under $ 50,000 a year want to see more government action compared to 42% of high-income households.

However, in contrast, there is little difference between college graduates and those without a degree. Fifty percent of non-university Americans, like 47% of college graduates, say the government should take more action on student loan debt.

Young adults generally support government action on student debt, but their views differ along political and demographic lines. In a March poll of Americans aged 18-29, conducted by the Harvard Kennedy School Political Institute, 38% of young people, the government should cancel the student loan debt of everyone, 21%. He said the debt should be canceled. “I’m in the most need,” he said. Twenty-seven percent said the government should not cancel the debt and instead support repayment options, and 13% said the government’s policy on this issue should remain unchanged.

About half (48%) of young Democrats said the government should cancel all student loan debt, and 77% said the government should cancel at least some American debt. rice field. Among young Republicans, 20% supported the cancellation of all student loan debt, and 35% thought that at least some of the debt should be canceled.

Half of young Black Americans completely cancel student loan debt, compared to 43% of Hispanic young adults, 38% of young Asian Americans and Pacific Islanders, and 33% of Caucasian young adults. I supported that. Current college students (41% said they should cancel all student loan debt), college graduates (39% said so), and those who do not have a degree and are not currently enrolled (36%) There was also a relatively small difference between). ..

In a Harvard poll, when asked about the country’s issues most relevant to them, only 1% of young people mentioned education costs or student debt. In contrast, 19% mentioned inflation or the economy as a whole.

The survey provides a fairly clear picture of how Americans divide student loan policies, but the level of overall support for government action is inconsistent. There’s a good reason for that-the way pollsters present problems is also very different. For example, some surveys ask for support or opposition to a particular plan, while others offer a variety of possible options.

For example, in the August Axios-Ipsos poll, 55% of Americans supported “accepting or eliminating all federal student loan debt,” and 44% opposed. However, a March 2021 Grinnell College survey asked Americans to choose from three policies, but only 27% chose to allow student loans to those in student debt. However, 39% supported allowing student loans “only for those in need.” Loans should not be allowed at all.

Taken together, these figures suggest that public opinion on virtual responses remains equally indifferent, as the size and scope of government action on student loan debt remains unclear. There is ample potential support for certain actions on student debt, but there is not much consensus on what form to take-and, depending on both policy details and politics, Americans There is important room to change your mind about its development.

The-CNN-Wire
™ & © 2022 Cable News Network, Inc., Warner Media Company. all rights reserved.