Mark Meckler, President of the Convention of States, said, "We’re seeing this reflected not just in the polling but on the ground as well with grassroots activists we talk to in every state. Voters—particularly those must-win Independents—are appalled by Biden’s plan and will respond at the ballot box. This is looking like the sleeper issue that may have more impact in November than people suspect."
The poll was conducted by The Trafalgar Group which conducted surveys from September 2nd through September 5th with over 1000 likely 2022 election voters. The results were released jointly by The Trafalgar Group and the Convention of States, who aim to "restore a culture of self-governance in America and to curtail federal overreach."
According to the poll, 49 percent of voters say they are much less likely to back a candidate that is for student loan forgiveness.
55.6 percent are less likely with 6.6 percent somewhat less likely.
44.4 are more likely, 30.9 percent are much more likely, and 13.5 percent say somewhat more likely.
88.5 percent of Republicans, 64.6 percent of Independents, and 10.5 percent of Democratic voters say they are less likely to vote in favor of a candidate that's for the student loan bailout.
89.4 percent of Democratic, 35.5 percent of Independents, and 11.6 percent of Republicans are more likely to vote in favor of a candidate that's for the student loan bailout.
On August 24, President Joe Biden announced that he was canceling up to $10,000 in student loan debt, and up to $20,000 for borrowers who received Pell Grants, a move that will cost taxpayers somewhere between $300 billion and $980 billion over the next 10 years.
Biden's student loan forgiveness translates to roughly $2000 per taxpayer using the lower-end estimates from the Penn Wharton Budget Model. Nearly 45 percent of people who took out federal student loans would have the entirety of their federal student loans canceled under this action and 95 percent of borrowers benefit from the move.
Biden's plan also extends the payment pause on federal loans until the end of the year and ensures colleges do not face direct financial consequences.
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