An Edvisors ® survey with 1,143 respondents found that over 59% of respondents support student loan forgiveness. Edvisors conducted a study in July, through its proprietary ScholarshipPoints community. Student loan forgiveness has been a popular topic that has been discussed much over the last several years, but the COVID-19 pandemic has renewed public interest and once again brought the subject to the forefront of discussion in America.
Many families have dealt with unexpected negative financial consequences due to the pandemic, and the federal government responded by providing student loan debt relief. The relief offered was in the form of a temporary 0% interest rate and no requirement to make a payment from March 13, 2020, through Jan. 31, 2022 on U.S. Department of Education owned federal student loans. Now many are looking for further solutions to help alleviate the burden of the student loan debt crisis, especially when the deferment period ends early next year, and loan payments will once again become due.
Key survey takeaways:
“Even though student loan forgiveness has been a hot topic over the past two years, it’s still quite eye-opening to see these numbers,” explains Elaine Rubin, Director of Corporate Communications. “While there are many factors that play into the resolution of the student debt crisis, it’s clear that the public is seeking a solution and student loan forgiveness is a leading idea to help achieve this goal.”
For more information and full survey results: Edvisors Student Loan Forgiveness Survey Results
Edvisors commissioned a nationwide online survey on their proprietary ScholarshipPoint.com website to members 13+. The survey received a total of 1,143 responses from July 1, 2021 – July 28, 2021. The primary focus of the survey is to get student opinions regarding federal and private student loan forgiveness. The sample’s demographics reflected Edvisors’ diverse audience with 21% of respondents identifying as African American, 15% of respondents identifying as Latin/Hispanic, and 14.23% identifying as Asian.
For more than 20 years Edvisors has been known as one of the largest and most trusted resources to help students find their path to success. We work to provide information from both our professional and personal experiences, to help individuals through college and beyond. Every year, millions of students and their families turn to the company’s flagship site, Edvisors.com, for timely and accurate information, advice and tools that help them confidently make the best decisions about paying for college. Edvisors owns ScholarshipPoints.com, where students have been awarded over $1 million to date, and PrivateStudentLoans.com, which helps borrowers find private loan solutions during school and in the refinancing stage.