And now for the news on everyone’s minds. Wednesday, President Joe Biden announced student loan forgiveness of $10,000 or $20,000 for Pell Grant recipients for anyone earning under $125,000 per year saying, “In keeping with my campaign promise, my Administration is announcing a plan to give working and middle class families breathing room as they prepare to resume federal student loan payments in January 2023.”
In an upcoming American Family Survey, it suggests that while many Americans are in favor of student loan forgiveness, nearly a third of respondents oppose any student loan forgiveness and around one-quarter believe the household income should be below $50,000 to qualify.
See what the early results of the survey are here.
What about you? Is this a welcome announcement, or do you have reservations about the policy? Reply to this email with your thoughts, and I might share it in a future newsletter.
More Headlines in Student Loan Forgiveness:
- Mitt Romney has a word for Biden’s student loan forgiveness plan: bribe (Deseret News)
- Opinion: Why I can’t be happy for students who get loans forgiven (Deseret News)
- Perspective: Biden’s student loan plan isn’t what Americans want (Deseret News)