There are several key issues voters are focusing on ahead of November’s presidential election and one that could sway constituents is student loan debt. Approximately 29% of people with student loan debt say it will be a key factor in their vote, according to Bankrate’s Student Loans and the Presidential Election Survey. While 29% believe student loan debt is a national crisis and 27% say the federal government has not done enough to provide borrowers with financial help.
Bankrate noted that 24% of respondents with student loan debt say they have trouble affording their monthly payments or have skipped at least one monthly payment on their loans since the forbearance period ended in October 2023. Meanwhile, 25% of people say they had to enroll in a new payment plan, forbearance, or deferment to reduce their monthly costs.