An overwhelming 96% of those polled answered "No!" to the question of whether student loan debt should be erased at taxpayer expense.
That's according to the latest unscientific poll of 2,508 people at SharylAttkisson.com.
Two percent (2%) answered "Yes! Immediately!" when asked if student loan debt should be erased, while another 2% responded with "Maybe."
Since March of 2020, the federal government has frozen the requirement for the nation's 41 million borrowers to pay back their federal student loans.
Biden recently extended the moratorium until August 31; it was set to expire in May.
However, over the past few days, it has been widely reported that the Biden Administration is considering cancelling up to $50,000 in student debt per borrower.
Biden responded to questions at the White House this week saying, “I am not considering $50,000 debt reduction, but I’m in the process of taking a hard look at whether or not there will be additional debt forgiveness, and I’ll have an answer on that in the next couple of weeks.”
Forgiving up to $50,000 in student debt per borrower would cost taxpayers $904 billion and would forgive the full balance for 79% of the 37.9 million federal borrowers, according to recent estimates from the New York Federal Reserve.
Full results are below. Be sure to answer the newest poll at SharylAttkisson.com. Look for the black box on the right sidebar on your computer or scroll way down on your mobile device.
Poll Question: Should student loan debt be erased (at taxpayer expense)?
2% Yes! Immediately!
2% Maybe
96% No!
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Discharge student loan debt in bankruptcy.
Let those who misled students and propped up their failing institutions pay for their mistakes.
The taxpayer should not pay for this.
Discharging this in bankruptcy would allow students to get their lives back.
Note that W. Bush/Clinton were pushing the legislation that removed bankruptcy as an option for discharging debt. Why? Think about it.
Let them pay.
The problem with discharging the debt in bankruptcy is that the taxpayers are still on the hook. The loans were guaranteed by the government, aka the taxpayers even though it was not something we voted on directly.
Beware of the people you vote to represent you,
Forgiving some debt not too bad an idea; say around $10k. But lowering the interest rates would be helpful as too many financial sources overcharge on interest.
So, 2% are committed to wealth distribution and 2% are willing to pass some wealth distribution. Does this NOT counter the democrat's socialist mantra of redistribution of wealth?
The 96% against figure may be a result of the burdening inflation that hits family in the purse as previous polls did not show a figure this high. I have no doubt the democrats will ignore the poll and continue to push a losing narrative of wealth distribution aka socialism which is 100% anti American.
IRT Phil's earlier comment.
Feel free to contribute to a "Fund" for paying college debt. I would contribute to building the wall before paying some silver spoon kid who failed to get a degree that would pay enough to repay the loan they committed to.