Most Americans want Biden to prioritize student loan forgiveness, CNBC survey says investinyou (In partnership with acorns.)
Yet progressives and advocates say the student debt crisis has caused the most pain to women, people of color and those who didn't come from wealthy families who could foot the rising bills of a college education. And they warn that inaction will cost Democrats in the midterms.
"Neither side wants to help us," she said. Although if Biden were to cancel student loans, she said, "I'd give him another term and stay with the Democrats."For Jeff Riesenmy, student debt cancellation is right up there with issues like climate change and income inequality that he wants to see Biden prioritizing.
Today he lives in Austin, Texas, and has a well-paying job as a product manager at a technology company, but his student debt feels insurmountable. Aware of this, Senate Majority Leader Chuck Schumer, D-N.Y. and Sen. Elizabeth Warren, D-Mass., have been pressuring the president to deliver the relief through executive order, arguing that he has the authority to do so.A lack of movement on student debt cancelation will result in the Democratic party's base — young people, Black voters — staying at home.Biden has asked the U.S.