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Many young conservatives also support student loan cancellation, with 49% of Gen Z and millennial Republicans surveyed saying some or all outstanding education debt should be erased. As president, Trump called for the elimination of the U.S. Department of Education's existing loan relief programs, including the popular Public Service Loan Forgiveness initiative. He also wanted to slash the department's budget, and his administration halted a regulation aimed at providing loan forgiveness to those defrauded by their schools. He has repeatedly attacked Biden's loan relief policies, and he said in a campaign video in late 2023 that he wants to close the Education Department altogether. For critics of broad student loan forgiveness, Biden's new plan looks a lot like his first.

Persons: Joe Biden's, Ryan Walker, Walker, Gen, Z, Trump, Biden's, Biden, Andrew Bailey, Bailey Organizations: Republican, Bloomberg, Getty, Biden, Heritage Action, America, U.S . Department, Public, Education Department, Supreme Locations: Kansas, Missouri, SocialSphere, U.S, . Missouri, Arkansas , Iowa , Kansas , Nebraska, South Carolina

☆ Biden’s new student loan forgiveness plan could start eliminating debts before the 2024 presidential election
▼ + stars: | 2024-04-10 | by ( Annie Nova | ) www.cnbc.com time to read: +3 min

US President Joe Biden speaks about student loan relief at Madison College in Madison, Wisconsin, on April 8, 2024. Andrew Caballero-reynolds | AFP | Getty ImagesThe Biden administration is moving ahead quickly with its new student loan forgiveness plan, with hopes of starting to wipe out people's debts as soon as this fall. Student loan forgiveness falls into that category, he said. Almost half of voters in a recent survey, or 48%, said canceling student loan debt is an important issue to them in the 2024 presidential and congressional elections. Issues like student loan forgiveness, which present a sharp contrast between Democrats and Republicans, are more likely to impact the election.

Persons: Joe Biden, Andrew Caballero, reynolds, Biden, Mark Kantrowitz, Kantrowitz, Gen, Donald Trump, Michael M, George W, Bush, Trump, Mark Organizations: Madison College, AFP, Getty, Republicans, Republican, Santiago, Public, Supreme Locations: Madison , Wisconsin, New York City

☆ Almost half of voters say student loan forgiveness is a key issue in 2024 election, survey finds
▼ + stars: | 2024-03-26 | by ( Annie Nova | ) www.cnbc.com time to read: +4 min

Jim Watson | AFP | Getty ImagesAlmost half of all voters, or 48%, say canceling student loan debt is an important issue to them in the 2024 presidential and congressional elections, a new survey finds. Debt forgiveness has historically been a highly partisan issue, with supporters and detractors split down party lines. Almost a quarter, 23%, of Gen X voters surveyed said they or someone in their household had student loan debt. The Supreme Court last June struck down the president's $400 billion plan to deliver student loan forgiveness to as many as 40 million Americans. Meanwhile, the popularity of loan forgiveness among voters may prove a challenge for Donald Trump, the GOP presidential nominee for president.

Persons: Jim Watson, Gen, John Della Volpe, Biden, millennials, Z, X, boomer, Joe Biden's, Donald Trump, Mike Pierce, Biden's Organizations: Royal Missionary Baptist, AFP, Getty, Harvard Kennedy School Institute of Politics, Finance, Republican, GOP, Supreme Locations: North Charleston , South Carolina, California, U.S

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