Student loan debt has been an ongoing discussion among Americans for years as the debt balance continues to grow. The country's total student loan debt now sits at $1.6 trillion, according to Federal Reserve Bank of New York data. These debts are overwhelming for many borrowers. Nearly 94% of respondents to a Credit and Debt survey expressed significant worry about their ability to repay their student loans. An additional 65% said their monthly payments are already unaffordable.
Election season is here, and voters are eager to see student loan forgiveness discussed by the two candidates. A Protect Borrowers Action poll, conducted by SocialSphere took a look at voters' attitudes toward student loan debt. Nearly half of the respondents said canceling debt is an important issue for them. Voters of color were even more likely to want debt cancelation discussed in this upcoming election – 66% of respondents of color said this was one of their top issues.
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