A plurality of Americans support President Biden’s student loan debt forgiveness plan, with a majority backing a plan to back more forgiveness for lower income borrowers, according to a new Yahoo News/YouGov poll.
A plurality of Americans support President Biden’s student loan debt forgiveness plan, with a majority backing a plan to back more forgiveness for lower income borrowers, accordingNearly half of respondents — 48% — said they backed the White House plan to forgive up to $10,000 in federal student loan debt for Americans making under $125,000 or households making under $250,000, versus 34% who oppose the plan.
Support for the White House’s plan varied among age groups. Respondents ages 65 and over opposed the plan by a 43% to 47% margin. However, a majority of those ages 18-29 and 30-44 backed the plan. The plan also won the support of 68% of Black Americans, 50% of Hispanics and 70% of those who currently have student loan debt. Among independents, 44% support the plan while 39% are opposed.
When respondents were asked about their support for more aggressive action, results were evenly split: Forgiving $50,000 in student loan debt received 45% support versus 44% opposition, while forgiving all student loan debt received 43% support to 47% opposition., fulfilling a 2020 campaign promise after pressure from top Democrats like Senate Majority Leader Chuck Schumer and Sen. Elizabeth Warren of Massachusetts, as well as first-term Sen.
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