2021-06-22 16:28:36

Americans Call on Biden to Forgive Student Debt

#Democratic lawmakers have put pressure on President Joe Biden to cancel $50,000 in student debt per borrower. Biden has reportedly asked the Education and Justice Departments to review his ability to do so by means of an executive action. Business Insider reports that a large number of Americans may support an even bigger debt jubilee. A survey from GoBankingRates found that of 3,600 Americans surveyed, 52% supported blanket student-loan forgiveness. The results align with a study by The Harris Poll that found 55% of Americans supported forgiveness of all student debt. According to an estimate from the American Association of Retired Persons, 8.4 million borrowers ages 50 and older hold 22% of the total federal debt load. That 22% equals $336.1 billion, with as much as 10% interest charged annually adding to the already staggering amount of debt. Last month, Business Insider reported that many older Americans fear they will die with their student debt. So far, Biden has not said whether he will act on the push for blanket #studentloanforgiveness.

#StudentLoanForgiveness Student Debt Student loan debt Student Loans

Economy

FSTV Speaks

Social Security Is Under Attack – Fight Back! | FSTV Speaks

Social Security Is Under Attack – Fight Back! | FSTV Speaks

The Rick Smith Show

The Rick Smith Show | An All-Out Assault on Organized Labor

The Rick Smith Show | An All-Out Assault on Organized Labor

The Randi Rhodes' Show

The Randi Rhodes Show | Businesses are Losing Their Minds

The Randi Rhodes Show | Businesses are Losing Their Minds

The Rick Smith Show

The Rick Smith Show | The Leopards Continue Eating Faces

The Rick Smith Show | The Leopards Continue Eating Faces

Gay USA

Trump’s AIDS Cuts: Millions Expected to Die Worldwide! | Gay USA 4/23/2025

Trump’s AIDS Cuts: Millions Expected to Die Worldwide! | Gay USA 4/23/2025

Democracy Now!

Is the Free Press Next? Trump's War on Truth and the Media | Democracy Now!

Is the Free Press Next? Trump's War on Truth and the Media | Democracy Now!

FSTV Speaks

One Struggle, One Fight, All Workers Unite! | FSTV Speaks

One Struggle, One Fight, All Workers Unite! | FSTV Speaks

This Week In White Supremacy- Presented by 1HoodMedia

Always A Man | This Week In White Supremacy

Always A Man | This Week In White Supremacy

Related

Democracy Now!

Top U.S. & World Headlines — March 1, 2023

Top U.S. & World Headlines — March 1, 2023

Rising Up With Sonali

Student Loan Debtors Remain in Limbo As Biden Turns to Supreme Court

Student Loan Debtors Remain in Limbo As Biden Turns to Supreme Court

Rising Up With Sonali

Why Is College So Expensive That it Drowns Millions in Debt?

Why Is College So Expensive That it Drowns Millions in Debt?

The David Pakman Show

Biden Approval SPIKES 11%

Biden Approval SPIKES 11%

Proud Partners