Half of All Millennials Would Give Up Their Right to Vote for Student Loan Forgiveness
How are these guys going to keep the economy going? Fully half our next generation is broke to the point where they’d give up their right to vote just to escape debt!
As the staggering national student loan debt tally sits at an all-time high of $1.33 trillion, according to the Department of Education, many Millennials say they would go to extreme lengths to wipe their slate clean.
According to a new survey from Credible, a personal finance website, 50% of all respondents (ages 18-34) said they would give up their right to vote during the next two presidential elections in order to never have to make another loan payment again.
Other extremes include a willingness to ditch ride-sharing services like Uber or Lyft (44%) and giving up travel outside of the country for five years (42%) to have student loans forgiven.
Yet, only 27% said they would be willing to move in with their parents for five years or give up texting at 13%. Of the 500 Millennials surveyed, only 8.2% of them chose to keep paying off their debt and not give up anything.
The survey comes just as The Associated Press reports that tens of thousands of former students have been left in limbo as the Trump administration has delayed action on requests for loan forgiveness, according to court documents. The report says The Education Department is sitting on more than 65,000 unapproved claims as it rewrites Obama-era rules that sought to better protect students.