No doubt, President Joe Biden and his advisers believed student-loan forgiveness would be a big winner in the upcoming midterm elections. If so, it was a political miscalculation, with most Americans rejecting the idea as unfair and a political stunt, the latest I&I/TIPP Poll shows.
Under Biden's plan, unveiled in late August, he will cancel up to $20,000 in student debt for those who had have Pell Grants and up to $10,000 in debt for those earn less than $125,000 per year, $250,000 for married couples.
