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Americans Still Aren’t Ready to Forgive All Student Loans

Presidential hopeful Bernie Sanders is calling for wiping out all outstanding student loans, and just over half of his fellow Democrats like the idea. Other Americans don’t.

A new Rasmussen Reports national telephone and online survey finds that 52% of Democrats favor a proposal to forgive all $1.6 trillion in outstanding student loans and pay for them with a new tax on stock, bond and derivatives transactions. Thirty-four percent (34%) are opposed, while 15% are undecided.

Sixty-nine percent (69%) of Republicans and those not affiliated with either major party by a 49% to 36% margin oppose the loan forgiveness plan.

Among all Americans, 38% favor the proposal to forgive all student loans, but 49% are opposed. Thirteen percent (13%) are not sure. (To see survey question wording, click here.)

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The survey of 1,000 American Adults was conducted on June 25-26, 2019 by Rasmussen Reports. The margin of sampling error is +/- 3 percentage points with a 95% level of confidence. Field work for all Rasmussen Reports surveys is conducted by Pulse Opinion Research, LLC.

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The survey of 1,000 American Adults was conducted on June 25-26, 2019 by Rasmussen Reports. The margin of sampling error is +/- 3 percentage points with a 95% level of confidence. Field work for all Rasmussen Reports surveys is conducted by Pulse Opinion Research, LLC.

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