(TheRedWire.com) – Results from an exclusive Newsweek poll indicate a decline in support for President Biden’s student loan forgiveness plan over the past month. The plan proposed by Biden aims to provide eligible Americans with a cancellation of up to $10,000 in federal student loan debts. Individuals earning less than $125,000 or households with incomes below $250,000 would qualify for the cancellation, while Pell Grant recipients would receive an additional $10,000 in student loan forgiveness.
Critics, primarily from Republican states and lawmakers, argue that enforcing the student loan cancellation plan violates Biden’s executive authority. They also express concerns about the high cost that this cancellation would impose on American taxpayers. The U.S. Supreme Court is reviewing a legal challenge to potentially block the program, with a decision expected during the summer.
On behalf of Newsweek, the recent poll conducted by Redfield and Wilton Strategies surveyed 1,500 eligible U.S. voters between June 10 and 11. The findings reveal that 52 percent of respondents “strongly” supported the plan, indicating a significant decrease from May, when 62 percent expressed their backing for the forgiveness plan.
In contrast, the number of individuals opposing the student loan forgiveness plan has nearly doubled since May, with 27 percent now opposing it. Additionally, 19 percent of respondents expressed neutrality, neither supporting nor opposing the plan.
Support for the plan was particularly high among younger individuals, with 64 percent of 18 to 24-year-olds expressing their support. However, there was a notable decline in support among those aged 25 to 34, with only 67 percent backing the plan.
Copyright 2023, TheRedWire.com