A new survey conducted by the Harvard Kennedy School’s Institute of Politics shows that nearly 9 in 10 young Americans support the government taking action against the overwhelming issue of student debt. The study included more than 2,000 adults under the age of 30 during the second half of March (March 15-30).

In the United States, the student loan debt that is currently outstanding settles somewhere around $1.7 Trillion. On top of an already punishing economy, it just adds more burden to households even more than credit card or auto debt. Roughly more than 40 million Americans are in debt for their education and nearly a quarter are in default.

Senator Elizabeth Warren has urged an already pressured Biden administration to forgive student debt. President Biden has already promised to cancel $10,000 for all and to this day the White House continues to claim they’re looking at its options. In the meantime, the White House has placed pauses on student loan payments.

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What the Study Finds

38% of the young adults interviewed by Harvard favor the FULL cancellation of student debt. I mean, we are already in $30 Trillion of debt as a nation that we will never pay off so let’s add to it! Around a quarter of those interviewed preferred the government just simply help with repayment options and another quarter believes the best route of action would be to forgive those with the most need of it. A small 13% claim the system doesn’t require any change directed towards student loan repayment.

The Biden administration (which may just be a hail mary to save their asses on the midterm trail) announced a few improvements related to the issue. In total, support for full cancellations has risen by more than 5% since 2020 which can possibly be accredited to the fact we are economically being pummeled as Americans and have better things to spend our money on besides the half-ass education we all paid for.