Is Biden Positively Impacting Student Loan Debt?
Consider the coronavirus pandemic — and throw in the passage of time and perceived inaction — and it’s clear that student loan borrowers are losing optimism that relief is on the way.
About 4 in 10 Americans with education debt now say they expect the President Joe Biden-led White House to positively impact their loan repayment, according to our latest survey of 1,000-plus borrowers. That’s down from nearly 7 in 10 borrowers who said the same in December 2020 as Biden was preparing to assume the Oval Office.
Though borrowers’ confidence in federal support, such as mass student loan forgiveness, is waning, a slight majority of survey respondents admit they’re managing their repayment with the potential for forgiveness in mind. More than a quarter of borrowers stil...