Loading...
Market
Impact of student debt cancellation on 2024 presidential election?
5
Resolution / Starting Odds
Significantly positive for Democrats • 25%
Moderately positive for Democrats • 25%
Neutral impact • 25%
Negative impact for Democrats • 25%
Election results and polling data
Story
Biden Administration Cancels $7.7 Billion in Student Debt for 160,000 Borrowers, Totaling $167 Billion
May 22, 2024, 10:25 AM
President Joe Biden announced on Wednesday that his administration will cancel $7.7 billion in student debt for over 160,000 borrowers. This latest round of forgiveness brings the total amount of student debt canceled by the Biden administration to $167 billion, benefiting nearly 5 million Americans, which is more than 10% of borrowers. The move has faced significant opposition from Republican lawmakers, who argue that the cost to taxpayers is too high. They are calling for the Department of Education to withdraw the plan, labeling it as a 'socialist scheme.' Despite these challenges, the Biden administration continues to pursue avenues for providing student debt relief to ease the financial burden on households.
View original story
Similar markets
Democrats gain seats • 33%
Republicans gain seats • 33%
No significant change • 33%
Strongly support • 25%
Support • 25%
Oppose • 25%
Strongly oppose • 25%
Positive for Democrats • 33%
Negative for Democrats • 33%
No Significant Impact • 34%
Increased approval • 50%
Decreased approval • 50%
Below 25% • 25%
25% to 50% • 25%
51% to 75% • 25%
Above 75% • 25%
Below 40% • 25%
40% to 55% • 25%
55% to 70% • 25%
Above 70% • 25%
Increases Democratic votes • 33%
Benefits Republican opposition • 33%
No significant impact on election • 34%
No additional cancellation • 25%
$10 billion to $50 billion • 25%
$50 billion to $100 billion • 25%
Over $100 billion • 25%
Significant negative impact • 33%
No significant impact • 33%
Unexpected positive impact • 34%
Significant negative impact • 33%
No significant impact • 33%
Significant positive impact • 33%
Significant negative impact on Biden's campaign • 33%
No significant impact • 33%
Significant positive impact on Biden's campaign • 33%