“We can support those who do not directly benefit.”

Alexandria Ocasio Cortez

Congressman Alexandria Ocasio Cortez, DN.Y.Tom Williams / CQ-RollCall, Inc via Getty Images

  • The AOC said student loans are good for those who have already paid off their loans.

  • Biden is approaching debt relief, saying decisions will be made in the coming weeks.

  • He told reporters that he did not consider the $ 50,000 forgiveness. That’s the amount that progressives are looking for.

New York Rep. Alexandria Ocasio Cortez says student loan forgiveness is good for everyone, including those who have already repaid their debts.

“Student loan forgiveness may not affect you,” Ocasio Cortez wrote in an Instagram article in response to a question about the benefits of debt forgiveness for those who have already paid off their loans. “That’s not a bad thing. I think there are certainly other things that student loan borrowers pay taxes. We can do good things and do something good for someone. We can reject the idea of ​​rarity at the expense of something for ourselves. “

AOC on student loan forgiveness

AOC answers questions about student loan forgiveness on Instagram.Congressman Alexandria Ocasio Cortez

“It’s all coming,” she added. “It’s okay. We can support those who don’t directly benefit.”

Student loan forgiveness conversations are gaining momentum after President Joe Biden Said Reporters will make a bailout decision “within a few weeks” last week. He said he wasn’t considering canceling the $ 50,000 student debt for each federal borrower, but that’s the amount many progressives have sought. Report The president has indicated that he is considering at least $ 10,000 for bailouts that are likely to lead to income restrictions and will take place before payments are suspended. Expires After August 31st.

Extensive lending forgiveness is what many Democrats want to do, but Ocasio Cortez Said The Washington Post is concerned that she will make relief comply with income standards.

“We don’t believe in cutoffs, especially for many of the front-line workers who are drowning in debt and likely to be excluded from relief,” said Casio Cortez. “Cancelling a $ 50,000 debt is where you really hit the gap between inequality and racial wealth. $ 10,000 isn’t.”

Republican lawmakers feel different.Many of them have been in the news that the president is considering canceling some student debt this summer. Slammed Wide range of relief possibilities. For example, Senator Tom Cotton of Arkansas, I have written Regarding the cost for taxpayers to forgive their debts, Twitter said:

Utah Senator Mitt Romney Said Broad bailouts are a “bribery” to voters and an attempt by the Democratic Party to win the midterm elections. Maine Senator Susan Collins previously said that insider student loan forgiveness is “unfair” to those who are already paying off their debts, while high-income people are considering the widespread relief that Biden is considering. Claimed not to be eligible.

However, most Democrats want Biden to enact a wide range of student loan bailouts with no thresholds for everyone.

“Instead of continuously extending the pause under pressure,” New York Rep. Jamal Bowman recently said. Tweet“He has to cancel all student loan debt.”

Read the original article Business Insider

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