(THE COLLEGE FIX) – A new survey of recent student loan borrowers found that 86 percent took on debt with the assumption that President Joe Biden would bail them out on their loans.
Intelligent.com surveyed 1,000 borrowers who “had taken out student loans between November 2020 and the present,” according to the survey results released on Monday.
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The company reported: "86% of recent student loan borrowers, defined here as those who have taken out a loan since Biden was elected in November 2020, say Biden’s campaign pledge to address student debt played a role in their decision to take out loans. Additionally, 21% of borrowers say they would have been unlikely (16%) or very unlikely (5%) to take on the same amount of debt had Biden not campaigned on student loan forgiveness."