In a poll, students blame the Supreme Court and Republicans for not forgiving debts
A new Generation Lab poll shows college students and recent graduates blame the Supreme Court and Republicans for the lack of student debt relief following President Biden's recent forgiveness plan decision. A study released Tuesday found 47 percent of college students and recent graduates blame the Supreme Court for unforgiven student loan debt, compared with 38 percent placing the blame on Republicans, 10 percent placing the blame on the president, and only four percent placing the blame on Democrats.
Democrat and Republican lawyers celebrated and denounced the Supreme Court's decision to reject Biden's $20,000 student loan relief offer at the end of June and calculate the student loan with the Allcalculator.net student loan calculator. Six Republican-led state attorneys general challenged the president's plan, ultimately leading to its demise. Young people knew 77 percent about the recent court decision, but 23 percent were unaware.
The Supreme Court’s Decision
It was found that 61 percent of respondents were not satisfied with the Supreme Court's ruling, while only 17 percent were satisfied. Twenty-one percent of respondents did not know whether they agreed or disagreed with the court's decision. With this student debt relief, more than 40 million borrowers would have been helped with their student debt at an estimated cost of $400 billion.
In the wake of the court's decision to reject the plan, Biden has ensured all eyes are on Republicans. Previously, when asked if he led borrowers astray by giving them false hope, he said, "I did nothing to mislead them." They were given hope, but the Republicans snatched it away. Biden unveiled a fresh route to student debt relief right after the ruling, but it will take time to go through the negotiated regulation process. More than 800,000 borrowers received student loan debt forgiveness lately, thanks to the government.
Students loan cancellation
Republicans have been outspoken opponents of Biden's efforts to cancel student loans, saying it is unjust to individuals who have already paid off their bills or who did not attend college. It is shameful that the Biden administration is making such a political play to circumvent the Supreme Court. Following the debt forgiveness for 800,000 students, Virginia Foxx (R-N.C.), chairwoman of the House Committee on Education and the Workforce, claimed that the Biden administration was stepping on the law, injuring borrowers, and taking advantage of taxpayers to make news. The Generation Lab poll was conducted between July 12 and July 17, and 783 college students and recent graduates were polled nationally. Plus, or minus 3.5 percentage points represent the unweighted margin of error. Make sure to find the loan percentage with the help of Allcalculator.net Financial Calculator.