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

Democracy Now!

Debt Ceiling: Economist James K. Galbraith Warns GOP Proposal Would Gut Social Safety Net

Debt Ceiling: Economist James K. Galbraith Warns GOP Proposal Would Gut Social Safety Net

Rising Up With Sonali

How to Combat Morality Police Globally

How to Combat Morality Police Globally

Rising Up With Sonali

Is There a Banking Crisis in the U.S.?

Is There a Banking Crisis in the U.S.?

Mobilized

Permaculture with Steve Cran

Permaculture with Steve Cran

The Stephanie Miller Show

Do Republicans Secretly Want to Celebrate Pride Month?

Do Republicans Secretly Want to Celebrate Pride Month?

The David Pakman Show

Trump lawyers warn him he's about to get arrested AGAIN

Trump lawyers warn him he's about to get arrested AGAIN

The David Pakman Show

NAACP WARNS blacks & gays, don't go to Florida, it's dangerous!

NAACP WARNS blacks & gays, don't go to Florida, it's dangerous!

Democracy Now!

“King: A Life”: New Bio Details Extensive FBI Spying & How MLK’s Criticism of Malcolm X Was Fabricated

“King: A Life”: New Bio Details Extensive FBI Spying & How MLK’s Criticism of Malcolm X Was Fabricated

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