As workers lose their jobs and the economy continues to decline amid the pandemic ahead of the 2020 presidential election, President Donald Trump last week released a series of executive orders and memos that, among others measures, extended federal relief for student loan borrowers until the end of the year.
And while Congress is poised to continue debating a broader coronavirus relief plan – and the Education Department decides how to implement Trump’s memo – a new poll shows the measures to help people in debt remain extremely popular.
Seventy-nine percent of registered voters said they were in favor of student loan borrowers being able to defer interest-free payments for six months, while only 10 percent said they opposed the measure. The Morning Consult / Politico survey polled 1,983 voters August 9-10 and has a margin of error of 2 percentage points.
A measure that would defer student loan payments for one year without interest was supported by 77% of voters, a figure within the proposal’s six-month margin of error. Fourteen percent said they oppose the one-year measure.
Less popular – although it still garners the support of a majority of voters – is writing off up to $ 10,000 in student loan debt for each borrower. Fifty-three percent said they supported the measure, and 35 percent said they opposed it.
Not having student respite options was by far the weakest of the four options listed in the survey. Twenty-one percent said they supported the government offering no student debt relief, while 64 percent said they would oppose this approach.
Overall, some form of student debt relief was popular in all political parties, but more among Democrats. The measure that received the most support – allowing student loan borrowers to defer payments without interest for six months – received 85% support among Democrats, 75% support from Republicans, and 78% approval by Democrats. independent.
The previous Morning Consult / Politico poll showed that student debt relief measures are doing well among voters. Senator Elizabeth Warren (D-Mass.) ‘S student debt relief plan in May, aimed at paying off up to $ 50,000 in debt for households earning less than $ 100,000, has received support from 56 percent of voters.