Student Debt Cancellation May Cause Some Disenrolled College Students To Return: Poll

Student debt is one of the biggest financial burdens facing Americans today, with 45 million borrowers collectively owing nearly $1.7 trillion. However, a new poll from College Finance found that student loan cancellation could inspire some students who dropped out of college due to debt to return and finish their degrees. According to the poll, 28% of respondents said they would re-enroll if their student loans were canceled. This could be a significant boost for the country’s college graduation rate, as only 41% of students who start college actually finish. The poll also revealed that 62% of respondents would use the money they save on student loan payments to pay off other debts or invest in their future. Additionally, 24% said they would use the extra money to start a business. While there is a lot of political debate around student loan forgiveness, these poll results suggest that it could have a positive impact on the education and financial status of many Americans.