Biden gets credit for the issue among young adults in particular, with 53% under age 30 approving his handling of student loans.
That’s similar to his overall approval rating, 40%, but better than his ratings on the economy, gun policy and immigration. adults approve of how Biden is handling student debt, according to a recent poll from The Associated Press-NORC Center for Public Affairs Research. The action would also end Public Service Loan Forgiveness, a student loan cancellation program for teachers, firefighters and other public workers, the letter said.Ībout 43% of U.S. Passing it “would immediately force tens of millions of borrowers into abrupt and unplanned repayment with devastating effects,” the coalition said. The measure would retroactively add several months of student loan interest that was waived by Biden’s extension, according to a letter from more than 260 organizations urging Congress to reject it. It would also rescind Biden’s latest extension of a payment pause that began early in the pandemic. If enacted, the measure would revoke Biden’s cancellation plan and curtail the Education Department’s ability to cancel student loans in the future. The GOP resolution is “an unprecedented attempt to undercut our historic economic recovery,” the White House said. The debt cancellation is based on “decades-old authority granted by Congress” to protect borrowers from the impact of national emergencies, according to a statement from the Office of Management and Budget. On Monday, the White House promised to veto the resolution if Congress approves it.
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