- ORIGINAL NEWS
Biden’s student loan forgiveness plan gets a record number of public comments. Here’s what people are saying
- SUMMARY
President Biden’s plan to forgive student loans has drawn a notable response: over 34,000 public comments.
These comments reflect a wide range of reactions.
Supporters of the plan argue that it would provide much-needed relief to borrowers, freeing up more money for spending in their local economies and benefiting businesses.
They also highlight the disparities faced by African Americans in accessing higher education and emphasize the need to rectify historical inequities.
Opponents of the plan criticize it as unfair, emphasizing that taxpayers who did not go to college or have already paid off their loans would end up subsidizing others.
They argue that students should take responsibility for their decisions and work to pay off their debts without government intervention.
Some argue that the borrowed funds should have been earmarked for emergency expenses or investments, and that student loans should not be treated differently than other forms of debt.
The significant number of comments received demonstrates the polarizing nature of this issue.
As the public comment period nears its end, it remains to be seen how the Biden administration will address these diverse perspectives in shaping its final plan.
- NEWS SENTIMENT CHECK
- Overall sentiment:
neutral
Positive
“I think this is a great idea.”
“Not only will forgiving all the debt make individuals’ lives easier, but they’ll be able to spend more money in their local economies, which benefits small business[es] and the community as a whole”
Negative
“I call on the Biden administration to stop imposing an unjust burden on Americans who did not go to college or have paid off their student loan debt with yet another unfair plan to carry out massive student loan debt cancellation”
“I paid for my undergraduate degree by working throughout my high school and college career.”