Tags: Money | Polls | Voting Rights | student loans | debt | survey | millennials

Poll: Half of All Millennials Would Give Up Right to Vote to Clear Student Loan Debt

Poll: Half of All Millennials Would Give Up Right to Vote to Clear Student Loan Debt
(Jacquelyn Martin/AP)

By    |   Monday, 27 November 2017 07:37 PM

Half the Millennials shouldering student loan debt are so desperate to shed the load they would give up voting in the next two presidential cycles to even the balance sheet, a survey showed.

In the Credible survey, however, only 13 percent would give up texting for a year to be debt-free.

Here are the highlights of what respondents said they would be willing to give up for debt forgiveness:

  • 49.8 percent said they would give up their right to vote in the next two presidential elections.
  • 43.6 percent were willing to give up services like Uber or Lyft.
  • 42.4 percent would also give up traveling outside of the country for five years.
  • 27 percent said they would be willing to move in with their parents for five years.
  • 13.2 percent would give up texting and any mobile messaging equivalent for a year.
  • 8.2 percent said they would prefer to just keep on paying down the debt.

According to the Department of Education, 42.3 million Americans are paying back $1.33 trillion in federal student loan debt, and lenders are collecting another $64 billion in private student loans.

A Federal Reserve survey estimates the median student loan debt balance at $17,000, with monthly payments of $222.

The survey of 500 respondents was conducted Sept. 7-8; no margin of polling error was reported.

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A survey showed half of the Millennials shouldering student loan debt are so desperate to shed the load they would give up voting in the next two presidential cycles to even the balance sheet.
student loans, debt, survey, millennials
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2017-37-27
Monday, 27 November 2017 07:37 PM
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