77 Percent of Young Voters Said Student Debt Relief Motivated Them to Vote

As President Joe Biden’s student debt cancellation plan is held up in court, new polling finds that student debt relief was a major driver of votes in this year’s midterm election — especially among young voters, who were crucial to delivering wins for Democrats in November. Among 1,500 midterm voters polled by the Student Borrower Protection Center and Seven Letter Insight after the general… Source Source / Read More: 77 Percent of Young Voters Said Student Debt Relief Motivated Them to Vote

Supreme Court Will Hear Arguments for Student Debt Cancellation in February

The Supreme Court has agreed to take up a case originally filed by Republican-led states to challenge President Joe Biden’s student debt cancellation plan in a case that will affect the bank accounts of tens of millions of people across the U.S. for years to come. The justices have fast-tracked the case and are slated to hear arguments in February. Until then, the cancellation plan will be on hold… Source Source / Read More: Supreme Court Will Hear Arguments for Student Debt Cancellation in February

Warren: Student Debt Relief Lawsuit Shows GOP Prioritizes Profit Over People

Student debt forgiveness advocate Sen. Elizabeth Warren (D-Massachusetts) criticized Republicans on Monday for the party’s lawsuit to stop millions of debtors from receiving what they say is direly needed student loan forgiveness. Even if it fails, the lawsuit exposes the loyalties of the Republican Party, the senator said. “Republican officials are so angry about [President Joe Biden] helping working people that they’re suing to stop student debt cancellation,” Warren wrote on Twitter. “It won’t work, but it shows their priorities: putting the profits of corporate loan servicers over relief for working-class & middle-class Americans.” On Thursday, six Republican-led states filed…

Activists Condemn GOP States’ “Sham” Lawsuit Over Student Debt Forgiveness

Six Republican-led states filed a lawsuit on Thursday aiming to stop tens of millions of student loan borrowers from receiving relief from President Joe Biden’s debt forgiveness plan in one of Republicans’ first legal challenges to the plan. Arkansas, Iowa, Kansas, Missouri, Nebraska and South Carolina are suing the Education Department, saying that the plan is too broad and “inherently unfair.” The lawsuit, filed in a Missouri federal court, argues that the plan is not “tailored to address the effects of the pandemic” on borrowers. They argue that loan servicers would also be hurt by the plan, especially MOHELA, Missouri’s…

2 Red States Are Taxing Student Debt Relief — But Didn’t Tax PPP Forgiveness

Officials in two states with Republican-dominated legislatures announced this week that they’re planning to tax relief that borrowers get from President Joe Biden’s student debt cancellation plan — even though the same states didn’t tax the billions of dollars of loan forgiveness given to corporations and business owners under the Paycheck Protection Program (PPP). North Carolina and Missisippi’s Departments of Revenue say they’ll consider debt forgiveness taxable income, potentially saddling borrowers with hundreds of dollars of more tax liability, cutting into the sharp relief that the program is set to provide. North Carolina officials say that the taxes will come…

46 Percent of Voters Are More Likely to Vote Thanks to Student Debt Relief Plan

President Joe Biden’s highly anticipated move to cancel student debt for tens of millions of borrowers is widely popular and will help to motivate a large swath of voters to cast a ballot this fall, new polling finds. Voters across the ideological spectrum say they’re more likely to vote in this year’s midterm elections due to Biden’s student debt plan. Forty-six percent of likely voters surveyed by Data for Progress say they’re more likely to vote this fall, with 52 percent of Democrats, 38 percent of independents and 49 percent of Republicans saying as such. People with outstanding student loans…

Biden’s Rating Hits Highest Point in Months After Student Debt Plan Announcement

President Joe Biden’s job approval hit its highest point in months in the days immediately following the announcement that his administration is fulfilling a campaign promise to cancel student debt, new polling shows. CBS/YouGov polling released on Sunday shows that Biden’s job rating among registered voters is now at 45 percent, up from 42 percent in July. Overall, 20 percent of respondents said they “strongly approve” of Biden’s performance, while 25 percent said they “somewhat approve.” The poll was taken between August 24 and 26. Biden announced the plan midday on the 24th, meaning that some respondents may have answered…

Student Debt Activists Say Much More Is Needed — Including Free College

After scoring a major but partial victory in the yearslong fight to eliminate the crushing burden of student debt, progressive lawmakers and campaigners stressed the importance of a deeply interconnected goal as they work toward total debt cancellation: Making public colleges and universities tuition-free for all. While President Joe Biden’s plan to wipe $10,000 off the student loan balances of most federal borrowers includes reforms that will make debt repayment more manageable going forward — as well as new rules aimed at cracking down on institutions that drown vulnerable students in debt — it will do little to alter an…

Biden Administration Sends Signal That It May Be Extending Student Loan Pause

The Biden administration has told student loan servicers not to send out billing statements to borrowers ahead of the scheduled end date of the current payment pause, signaling that officials may be preparing to extend the student loan payment pause yet again. The current student loan payment pause ends on August 31, meaning that borrowers will have to start repaying student loans for the first time since March 2020 in September, or face default if the pause expires. Servicers typically send out billing notices about a month before the payment is starting. President Joe Biden had last extended the pause…

7 in 10 Young Voters Support Canceling Student Debt, Poll Finds

New polling finds that a comfortable majority of young likely voters say that some or all student debt should be canceled, adding to a small mountain of polls conducted in recent months that nearly uniformly show that the issue is popular among Americans. The Student Borrower Protection Center/Data for Progress polling, released Wednesday, finds majority support for the issue among several groups. Overall, 71 percent of voters aged 18 to 34 support canceling some amount of student debt for all borrowers; even among those who have no student debt, 66 percent still favor cancellation, while a commanding 81 percent of…

Officials Raise Concern Over Biden’s Plan to Limit Student Loan Cancellation

As the Biden administration crafts a plan to cancel some amount of student debt, administration officials are reportedly raising concerns that adding income caps to the plan could be incredibly logistically complicated, risking the efficacy of the entire plan. As Politico reports, officials in President Joe Biden’s Education Department are saying in private conversations that it would be extremely difficult for the agency to implement the administration’s tentative plan to limit student loan forgiveness by income. The agency simply doesn’t have income information for the vast majority of student loan borrowers, sources told Politico. If the Biden administration were to…

Biden Faces Mounting Pressure to Commit to Substantial Student Debt Cancellation

Less than 24 hours after news broke that President Biden is seriously considering canceling tens of thousands of dollars in student loan debt, organizers mobilized. Students from the Washington, D.C. area joined advocates from Move On, the National Association for the Advancement of Colored People (NAACP), and other groups in chants of “cancel student debt” at a rally in front of the White House on April 27. An all-star cast of Democratic members of Congress also attended the rally to pressure the Biden administration to take action on student loan debt, which now totals over $1.7 trillion. “The U.S. Department…

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