The new date is August 1, 2022.

According to recent polling, a majority of Americans are in favor of President Joe Biden's plan to forgive federal student loan debt for most borrowers.

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The students from George Washington University are wearing their graduation gowns outside of the White House.

AFP via Getty Images

Most of the support comes from the left, as 70% of registered Democrat respondents to the Economist/YouGov poll supported $10,000 of forgiveness, compared to 32% of Republican respondents to the same polls.

Sixty-five percent of respondents to the Morning Consult/Politico survey who are between the ages of 18 to 34 want Biden to forgive $10,000 per borrower, compared to less than half of those over the age of 65.

A CNN/SSRS poll found that support for student loan forgiveness depends on age and political party.

More than half of Democrats told CNN that the government is doing too little to address the issue compared to less than one third of Republicans.

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Biden wants to give $10,000 in student loan relief per person for those with an annual salary below $150,000, according to a report. The timing of Biden's decision is believed to be used to rally support for the Democrats. There has been a pause in student loan repayments since the beginning of the Pandemic. Biden told reporters last month that he would make a decision on student loans by the end of August.

Big Number

There is a total of 1.75 trillion. At the end of the first quarter of 2022, Americans owed more in student loan debt than any other country.

Here is what we know about the student loan decision coming from Biden this month.