Student loan forgiveness and repayment pause: 5 things to know

Aug 25, 2022 View Original Article
  • Bias Rating

    6% Center

  • Reliability

    N/AN/A

  • Policy Leaning

    12% Somewhat Conservative

  • Politician Portrayal

    -33% Negative

Bias Score Analysis

The A.I. bias rating includes policy and politician portrayal leanings based on the author’s tone found in the article using machine learning. Bias scores are on a scale of -100% to 100% with higher negative scores being more liberal and higher positive scores being more conservative, and 0% being neutral.

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Bias Meter

Contributing sentiments towards policy:

60% : The application will open before student loan repayments begin in January 2023, the department said.
60% : While student loan forgiveness would be a major win for the Biden administration and Democrats heading into the 2022 midterm elections, some have called on Biden to forgive up to $50,000 of student debt.
58% : In addition to the debt forgiveness, the government will extend its pause on student loan repayments with interest rates at 0% until January.
50% : Borrowers with student debt who are employed by non-profits, the military, or federal, state, Tribal, or local government may also be eligible for forgiveness of all their loans through the Public Service Loan Forgiveness program.
50% : About 43 million Americans have student loan debt with more than $1.6 trillion in total federal student loans, according to U.S. News and World Report.
48% : The report also found that this amount of cancellation "overwhelmingly" benefits low-income borrowers and closes racial gaps in student debt.
42% : Biden's plan would forgive up to $10,000 of student loan debt for individuals making less than $125,000, according to the details of his plan.
41% : A report from the Higher Education, Race and the Economy Lab at the University of California, Merced found that $10,000 in student loan forgiveness would completely cancel student debt for about a third of borrowers, 13 million in total.
40% : Although the administration has yet to forgive student loans on a large scale until now, Biden has canceled $32 billion worth of student debt since taking office, according to Forbes.
39% : The average amount of student debt is just over $37,000 with half of graduates with student loan debt less than $20,000 and a third owing less than $10,000.

*Our bias meter rating uses data science including sentiment analysis, machine learning and our proprietary algorithm for determining biases in news articles. Bias scores are on a scale of -100% to 100% with higher negative scores being more liberal and higher positive scores being more conservative, and 0% being neutral. The rating is an independent analysis and is not affiliated nor sponsored by the news source or any other organization.

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