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!

Should Progressives in Congress Oppose Biden Infrastructure Deal If Reconciliation Bill Is Blocked?

Should Progressives in Congress Oppose Biden Infrastructure Deal If Reconciliation Bill Is Blocked?

Rising Up With Sonali

How Private Equity Firms Prey on the Public

How Private Equity Firms Prey on the Public

Poor People's Campaign: A National Call for Moral Revival

The National Poor People’s and Low-Wage Workers’ Assembly

The National Poor People’s and Low-Wage Workers’ Assembly

Service Industry Workers Quit at Record Rate

Service Industry Workers Quit at Record Rate

Democracy Now!

Cuomo Must Go: Sexual Harassment Report Prompts Demands for NY Gov. to Resign or Face Impeachment

Cuomo Must Go: Sexual Harassment Report Prompts Demands for NY Gov. to Resign or Face Impeachment

Democracy Now!

Should Progressives in Congress Oppose Biden Infrastructure Deal If Reconciliation Bill Is Blocked?

Should Progressives in Congress Oppose Biden Infrastructure Deal If Reconciliation Bill Is Blocked?

The Randi Rhodes' Show

Climate of fear and hostility: Investigation Of Gov. Andrew Cuomo reveals

Climate of fear and hostility: Investigation Of Gov. Andrew Cuomo reveals

The David Pakman Show

Rudy Giuliani Almost Broke As Trump Won't Take His Calls

Rudy Giuliani Almost Broke As Trump Won't Take His Calls

Related

Americans Call on Biden to Forgive Student Debt

Americans Call on Biden to Forgive Student Debt

Democracy On The Brink- Weekly Post Election Show

How The Student Debt Crisis Disproportionately Impacts Communities of Color

How The Student Debt Crisis Disproportionately Impacts Communities of Color

Democracy On The Brink- Weekly Post Election Show

Democracy on the Brink with Ashley Harrington of Center for Responsible Lending

Democracy on the Brink with Ashley Harrington of Center for Responsible Lending

Democracy Now!

Biden Drags His Feet on Canceling Student Debt Despite Campaign Pledge

Biden Drags His Feet on Canceling Student Debt Despite Campaign Pledge

Proud Partners