According to a recent Siena Research Poll 56% of New Yorkers support canceling student loan debt, compared to 33% that oppose.
President Biden recently announced that the federal government would cancel up to $20,000 dollars worth of federal student loans for millions of Americans.
Additionally in the poll 29% believe Biden has gone too far, 21% believe it doesn’t go far enough, and 39% believe the plan in place is the correct approach.
Siena states that 39% of New Yorkers have taken out a federal student loan to help pay for college. Of those New Yorkers, 54% have paid the loan back in full with 45%, or 17% of New Yorkers still have a remaining balance on their loan debt.
“Majorities of New Yorkers support the President’s plan to cancel up to $20,000 worth of student loans for some, up to $10,000 for others and to cap the amount any borrower must pay each month at 5% of their earnings. Support is greatest among Democrats, Blacks, those with a balance on their student loans and New Yorkers under 50 years of age,” said Siena College Research Institute Director, Don Levy. “Nearly two-thirds of Republicans and a plurality of independents oppose the plan.”
The poll mentioned above was taken by the Siena College Poll between the dates of August 28th through September 1st by random telephone calls to 403 New Yorkers.