Biden Knows Student Loan Cancellation Is a Bad Idea

Contributing sentiments towards policy:

64% : This morning, President Biden announced new details about the latest effort to cancel student debt that he says will reduce balances or completely cancel student debt for over 30 million Americans.
55% : Less than a month into his presidency, he declared "I will not make that happen" in response to a voter asking whether or not he'd back progressives' proposal to broadly forgive student debt.
55% : "But now, his administration has explicitly "vowed to use every tool available to cancel student debt for as many borrowers as possible, as quickly as possible.
50% : And lastly, Biden intends to forgive student debt for other categories of borrowers, ranging from those "experiencing hardship" to those who entered repayment over 20 years ago.
46% : Second, the administration plans to automatically cancel debt for borrowers eligible for SAVE, Public Student Loan Forgiveness (PSLF), closed school discharge, and/or other federal forgiveness programs without them needing to apply.

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