Fighting Chance for Families released a new poll revealing that almost half of borrowers expressed no confidence in their ability to make student loan payments should the Biden administration restart payments in February 2022 as planned, including pluralities of Democrats and Republicans, and a majority of independents. At the same time, fewer than 1-in-7 people with student debt are “very confident” in their ability to make student loan payments when they come due. These results underscore the need for the Biden administration to delay the planned restart of federal student loan payments until the end of the COVID-19 pandemic.
This new poll of people with student debt, conducted by Data for Progress between December 15 and 21, 2021, also shows that the student loan borrowers who report the highest confidence in their ability to repay student loans are also recipients of the expanded Child Tax Credit, which is slated to expire this month without further action by Congress.
Read the Poll: https://www.filesforprogress.org/datasets/2021/12/fighting-chance-ctc-student-debt-dec21-tabs.pdf
Read the Press Release: New Poll: Families Face Widespread Financial Hardship When Student Loan Payments Restart, Expanded Child Tax Credit Expires