By Sabrina Jacobs
Student loan debt is a major burden for many Americans. The Federal Reserve estimates that Americans owe approximately $1.75 trillion of student loan debt, and the average borrower must $36,510 in federal student loans.
For Americans considering higher education, the price of college or higher education can play an important role in their decision. Forgiving up to $50,000 in federal student loan debt and implementing policy measures to reduce the student loan debt burden would provide instant and material relief for millions of borrowers.
A new survey from Rise and Data for Progress shared exclusively with Business Intern finds that 45% of voters in the battleground states of Arizona, Georgia, Pennsylvania and Wisconsin would be either “somewhat more likely” or “much more likely” to vote in November if President Biden canceled $10,000 in student loan debt. Forty-six percent of voters say they would be more likely to turn out if President Biden canceled $50,000 in student loan debt. Fifty-six percent of voters between the ages of 18 and 35 in these four battleground states say they would be more likely to vote if all student loan debt was forgiven.