Both the Democratic, and the Republican platforms acknowledge the severity of the student debt. In August of 2022, President Biden signed an executive order to forgive student debt. A poll conducted in September 2022 by Economist/YouGov found that 80% of Democrats supported President Biden’s college debt cancellation while 72% of Republicans opposed it.
Additionally, when asked specifically about Elizabeth Warren’s student debt cancellation plan, 70% of Democrats and 36% of Republicans reported that they would support canceling up to $50,000 of debt for those whose household incomes total less than $100,000. Furthermore, her proposal to partially cancel the debt of those with household incomes between $100,000 and $250,000 has earned support from 52% of Democrats and 34% of Republicans.