Joe Biden's latest student loan relief could hurt first-time homebuyers

Contributing sentiments towards policy:

65% : "The most common complaint we hear from millennials and Generation Z is their frustration around the fact that they cannot afford a house because they are riddled with student loan and other types of debt.
53% : According to Realtor chief economist Danielle Hale, "Relieving student debt will free up money for people to spend on other priorities, which is likely to include either homebuying or renting.
51% : This is the Biden's latest bid at canceling student debt.
47% : The relief plan, intended to increase economic accessibility by canceling or reducing student loan debt for over 30 million Americans, could enhance purchasing power for many potential homeowners by reducing or eliminating their student debt, according to the report issued Monday.
46% : In June of last year, the Supreme Court blocked an attempt by the Biden administration to cancel up to $20,000 in student debt for borrowers.

*Our bias meter rating uses data science including sentiment analysis, machine learning and our proprietary algorithm for determining biases in news articles. Bias scores are on a scale of -100% to 100% with higher negative scores being more liberal and higher positive scores being more conservative, and 0% being neutral. The rating is an independent analysis and is not affiliated nor sponsored by the news source or any other organization.