A recent poll has found that voters don't all support President Joe Biden's decision to forgive student loans, as 43% said they are in favor, but 44% said it was a bad idea.
The NBC News poll found that political parties tend to determine how voters felt about the decision to eliminate up to $20,000 in student loan debt for Americans, depending on the loans and the borrower's income.
According to the survey, Democrats were more in favor, with 78% supporting the action, but only 11% of Republicans. Independents felt more negatively, with 49% saying it was a bad idea and 34% saying it was a good idea.
Seventeen percent of those polled by NBC News currently have student loans. Of those with loans, 68% agreed with Biden's plan, while 22% said it was a bad idea. However, among those who don't have student loans that were surveyed, only 36% agreed with Biden's actions, while 48% said it was a bad idea.
Student debt is not distributed evenly across the board, as younger generations tend to hold most of the debt. For example, the survey found that those ages 18-34 made up 31% of those who had loans, while 27% were between the ages of 35 and 49, 12% were between the ages of 50 and 64, and 2% were above the age of 65.
According to the survey, students of color were also more likely to have student loans, as a third of those with loans identified as Black, 23% identified as Hispanic or Latino, and 15% identified as white.
Whether the decision is seen as a good idea or a bad one, Biden has kept his campaign promise to address the growing student debt crisis in America.
"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," Biden said on Twitter after announcing his plan.
The White House shared a breakdown of how many people it estimates will be able to receive the loan forgiveness, CNBC reported. The top two states were California and Texas, both estimated to have more than 3 million eligible.
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