Despite pressure from progressive lawmakers to write off up to $ 50,000 in student loans per borrower, the President Joe bidenThe scaled-down plan to tackle the debt crisis is much more popular.
Biden’s speech to eliminate $ 10,000 in college debt for anyone with an unpaid federal loan has 61% support among American adults, according to a new Monmouth University survey. Thirty-seven percent of those polled opposed the idea.
When the amount was raised to $ 50,000 for debt cancellation, public support fell to 45%. A majority of respondents (53%) opposed the proposal.
Democrats overwhelmingly supported both measures, although 18% more supported Biden’s $ 10,000 proposal than the $ 50,000 progressive pitch. More than two thirds of Republicans opposed to both options.
Biden has repeatedly rejected calls by some members of his party to write off $ 50,000 in student debt per borrower, challenging the senator’s claims Elizabeth warren (D-Mass.), Senate Majority leader Chuck schumer (DN.Y.) and others that he could do so by executive action.
At his first public event after taking the oath, Biden was briefed by a member of the public during a CNN Wisconsin City Hall that student debt “crushes” her family, friends and fellow Americans.
“We need student loan forgiveness beyond the potential $ 10,000 offered by your administration,” she said. “We need at least $ 50,000 minimum. What will you do to make this happen?
“I won’t make it,” Biden replied.
The president added that he understood the impact of the debt, but did not believe he had the power to wipe out $ 50,000 without Congressional action. He also said he did not want to write off debts owed by borrowers from elite schools such as Harvard University, and that federal funds would be better spent on early childhood education.
Progressive lawmakers kept the pressure on Biden, despite his statements rejecting the proposal.
Rep. Ayanna Pressley (D-Mass.) Said MSNBC Last week, Biden had “absolutely” the power to write off student debt by executive order and claimed low-income households would benefit.
Representing Alexandria Ocasio-Cortez (DN.Y.) also clashed with the president on the matter, tweeting after his CNN town hall that “the case against the cancellation of the student loan seems every day more fragile” and that the arguments against “do not hold water. just not the road close inspection. “
In one of his first presidential acts, Biden extended the hiatus on student loan payments and interest amid the ongoing coronavirus pandemic. Federal student loan borrowers will not be required to make payments until October 1 at the earliest.
The Monmouth University survey interviewed 802 adults between February 25 and March 21. It has a margin of error of plus or minus 3.5 percentage points.