Political Rewind: Can Georgians get relief from student loan debt? ; Kemp to testify in Fulton probe
David Schaefer, @BlancoBlau, research director, Georgia Budget & Policy Institute
Eric Sturgis, @EScoopStirgus, education editor, The Atlanta-Journal Constitution
Maria Lumpkin, @mariaarvelo , Vice President for Strategic Initiatives & Chief Transformation Director, Stillman College
Patricia Murphy, @MurphyAJC, columnist, The Atlanta-Journal Constitution
1. Where does Georgia stand when it comes to student loans?
- Eric Sturgis says that Georgians are at $68 billion in debt.
- Student loan payments have been suspended since the start of the pandemic in March 2020, but are slated to go back in effect on Sept. 1.
- David Schaefer says many older individuals are trying to clear debt, not just young borrowers.
2. Communities of color borrow much more
- Black college graduates owe an average of $25,000 more in student loan debt than White college graduates.
- Student loan debt cannot be erased via bankruptcy.
3. Will President Biden push to erase student loan debt?
- Right now, President Biden is facing mounting pressure to cancel student loans debt.
- He campaigned on canceling at least $10,000 of student debt per person.
- Biden's approval rate sits at a dismal low of 30% causing top democrats like Sen. Raphael Warnock to distance themselves from the administration.
- Only 26% of Democrats are in favor of Biden running in 2024, but student loan cancellation could lure swing state voters to the polls.
Unsurprisingly, the push to cancel student loans goes along party lines. Georgia's U.S. Representatives have divergent views on student loan forgiveness.
U.S. Rep. Nikema Williams proposed a consolidation act in May.
Meanwhile, U.S. Rep. Drew Furgeson wants borrowers to pay back things themselves.
4. Kemp to testify in the Fulton County probe.
- District Attorney Fani Willis is leading an investigation into Donald Trump’s attempt to overturn Georgia’s 2020 election.
- The governor will deliver a sworn video statement today.
Tuesday on Political Rewind: Host Bill Nigut returns.