A majority of federal student loan borrowers will struggle to make their payments when the moratorium on them is lifted in June, according to a new Morning Consult survey.
Student loan borrowers gather near the White House to demand the cancellation of their debt.
More than half of federal student loan borrowers think they won't be able to make payments when the loan repayment moratorium ends.
If student loan forgiveness goes into effect sooner, the moratorium will be extended until June.
It is up to the Supreme Court and 5th Circuit Court of Appeals to decide if the student loan forgiveness program can go ahead.
Even if student loan forgiveness takes effect, a majority of borrowers owe more than $20,000 in loans, according to a Morning Consult survey.
Republicans were more likely to blame Biden and Democrats in Congress than conservative judges, according to the survey.
After the Biden Administration asked the Supreme Court to weigh in on loan forgiveness, Morning Consult conducted a poll on the subject.
A majority of the time. According to the share of respondents with federal student loans, they have experienced hardship in paying their loans
The Biden Administration said in August that it would forgive federal student debt for people earning less than $125,000. 26 million borrowers applied for debt relief before the program was halted due to court rulings, but no funds had been disbursed by the time the policy was halted. The policy of loan forgiveness through the federal HEROES Act, which allows the secretary of education to "waive or modify" any student financial assistance programs, was challenged in court by Republicans. The White House appealed to the Supreme Court after the 8th Circuit Court of Appeals decided to keep the program on hold while litigation plays out. The ruling that was appealed to the 5th Circuit was issued by a federal judge in Texas.
Student loan forgiveness will be played out in court. If the Supreme Court doesn't lift the block immediately, the case will be taken up for oral argument. It asked the 5th Circuit to throw out the Texas ruling so it could go to the Supreme Court with that case. The courts have to decide if the program can be resumed. The Supreme Court could decide to take up the cases for oral arguments, which means a final ruling on the program's fate would come by June, which means it would likely be even longer than that for the cases to be.
Conservatives are blamed for student debt forgiveness.
Here is where the student loan forgiveness program stands now.
Biden has paused student loan payments.
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