Twitter data shows that Oregon is the state most interested in President Joe Biden’s new plan to forgive student loans.
The application for student loan forgiveness has been open for just over a week.
Even though lawsuits are holding up the loan forgiveness plan, for now, there is still a lot of interest in the student loan forgiveness application.
The above map was made by the college resource site authority.org. It shows that pockets in the Midwest, Northwest, and Northeast had the most activity, while the South had the least.
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The top states that have been interested in and talked about the application for loan forgiveness are:
- The state of North Carolina
Since the beta test site went live on October 15, tweets, hashtags, and direct keyword phrases about the app were tracked using geotagged Twitter data. For example, tracking tweets with phrases like “I finished my application for student loan forgiveness,” “Apply for student loan forgiveness,” “Apply for student debt forgiveness,” etc., as well as any tweet that shares the official application link. They kept track of more than 350,000 tweets.
The plan, which was announced in August, would let people with incomes of less than $125,000 or households with incomes of less than $250,000 get rid of $10,000 in student loan debt. Pell Grant recipients, who usually have more financial problems, will have an extra $10,000 of their debts wiped out.
The programme will cost about $400 billion over the next 30 years, according to the Congressional Budget Office.
The cancellation applies to federal student loans and Parent Plus loans that were used to go to college or graduate school. Students in college now are eligible if their loans were paid out before July 1. The plan gives 43 million borrowers the chance to get some or all of their debt forgiven. The administration says that 20 million borrowers could have all of their debt erased.
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