Anger swells over reported White House plan to means-test student debt relief

Contributing sentiments towards policy:

51% :A new analysis released Tuesday by the Penn Wharton Budget Model shows that the majority of the benefits of canceling $10,000 in student debt for borrowers who earn less than $125,000 a year would go to the bottom 60% of earners.
47% : By contrast, canceling $10,000 in student loan debt per person would amount to full forgiveness for just around a third of borrowers.
47% : The average federal student loan balance is nearly $38,000, according to the Education Data Initiative, and Americans collectively hold close to $2 trillion in student debt.
43% : A survey✎ EditSign released last year found that 40% of registered Black voters "are willing to stay home unless student loan debt is canceled."
41% : The Roosevelt Institute, a left-leaning think tank, argued that canceling student debt would 'increase wealth, not inflation,'" the Post noted.
40% : The Washington Post reported Tuesday that administration officials have weighed whether canceling student debt "could alienate voters who had already paid theirs off, and polling results have been mixed.
40% : "The Roosevelt Institute paper found that inflation resulting from debt cancellation would be negligible and that ending the payment moratorium would more than outweigh that effect.
27% :"President Biden should cancel student debt to: help narrow the racial wealth gap among borrowers, provide relief to the 40% of borrowers who never got to finish their degree, and give working families the chance to buy their first home or save for retirement," Warren tweeted Tuesday.
25% : The plan Biden is expected to announce Wednesday is a far cry from the ambitious student debt cancellation that prominent Democratic lawmakers and advocacy organizations have been demanding from the president for more than a year.

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