LendEDU posed a series of questions to 1,000 adult Americans with student loan debt to find out. Respondents had to decide if they would go through with each hypothetical scenario to have their student loan debt completely forgiven.

How far would student loan borrowers go to have their student loan debt forgiven?

1,000 adult Americans with some amount of student loan debt were posed 11 hypothetical scenarios to find out.



Each question was structured like this:

Would you [insert scenario here] if it meant all of your student loan debt was forgiven?

Give up the use of social media for five years

  • 68% of borrowers answered “Yes”
  • 32% of borrowers answered “No”

Give up your right to vote in the 2020 presidential election

  • 62% of borrowers answered “Yes”
  • 38% of borrowers answered “No”

Give up all streaming services (Netflix, Hulu, Amazon, Disney+, etc.) for life

  • 60% of borrowers answered “Yes”
  • 40% of borrowers answered “No”

Give up internet access for one year

  • 55% of borrowers answered “Yes”
  • 45% of borrowers answered “No”

Give up the use of all payment methods besides cash (credit/debit, mobile pay, etc.) for life

  • 52% of borrowers answered “Yes”
  • 48% of borrowers answered “No”

Give up the use of Google Search for life

  • 51% of borrowers answered “Yes”
  • 49% of borrowers answered “No”

Give up being vegan for life or have to become vegan for life

  • 49% of respondents answered “Yes”
  • 51% of respondents answered “No”

Give up the use of a smartphone for life (can still use flip phone/standard cellphone)

  • 35% of borrowers answered “Yes”
  • 65% of borrowers answered “No”

Enlist to fight in a hypothetical World War 3

  • 30% of borrowers answered “Yes”
  • 70% of borrowers answered “No”

Give up the ability to travel anywhere on vacation for the next 30 years

  • 24% of borrowers answered “Yes”
  • 76% of borrowers answered “No”

Give up hot showers for the next 25 years

  • 17% of respondents answered “Yes”
  • 83% of respondents answered “No”

Methodology

All data found within this report derives from an online survey commissioned by LendEDU and conducted by polling company Pollfish. In total, 1,000 adult Americans ages 18 and up with student loan debt were polled.

Respondents were only allowed to proceed to the survey if they were 18 or older, from the United States, and had some amount of student loan debt. The first two criterion were found through Pollfish’s filtering features that allowed us to filter on both age and location. The last criterion was found through a screener question that respondents had to answer correctly to proceed.

This poll was conducted on January 10, 2020. Respondents were asked to answer each question truthfully and to the best of their abilities.

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