Politics

AOC calls out President Biden for not supporting $50K in student loan forgiveness for all Americans

Alexandria Ocasio-Cortez called out Biden for not forgiving student loans, noting that she had enlisted the support of Sen. Schumer, against whom she is reportedly mulling a 2022 primary challenge.

Biden said at a Tuesday night CNN town hall, “I will not make that happen” because of concerns about steering federal funds to Harvard and Yale graduates rather than to “early education for young children that come from disadvantaged circumstances,” according to the New York Post. Ocasio-Cortes responded, tweeting, “1. Who cares what school someone went to? Entire generations of working-class kids were encouraged to go into more debt under the guise of elitism. This is wrong,” she said. “2. Nowhere does it say we must trade-off early childhood education for student loan forgiveness. We can have both.” She added: “The case against student loan forgiveness is looking shakier by the day. We’ve got the *Senate Majority Leader* on board to forgive $50k. Biden’s holding back, but many of the arguments against it just don’t hold water on close inspection. We can and should do it. Keep pushing!”

Her comments come after Joe Biden stated he will “not” forgive any student loan debt, because it would subsequently “forgive lucrative students” primitively, rather than those perhaps having arduous financial lives. On the campaign trail, Biden and Kamala Harris had stated they would “forgive any and all” student loan debts, in order to dilute anfractuous educational standards or challenges. The White House has said the Biden administration was at one point reviewing whether the president could legally take unilateral action to cancel student loan debt. Press secretary Jen Psaki noted that Biden would sign a bill forgiving $10,000 if Congress drafted and passed legislation on the issue.

A group of sectarian Democratic lawmakers, including Sen. Elizabeth Warren (Mass.) and Senate Majority Leader Charles Schumer (D-N.Y.), introduced a measure last month demanding Biden order the cancelation of $50,000 in student loan debt for borrowers. “Education is supposed to be a ladder up, but for too many the burden of student debt has become an anchor holding them down,” Schumer said at the time. “Massive student loan debt is exacerbating the historic and overlapping crises our country is facing, especially for communities of color, which have been hit hardest by the health and economic consequences of COVID-19. Our resolution lays out a way for the president to change that. Canceling student loan debt would help boost our struggling economy and close the racial wealth gap that has persisted for far too long.”

ARTICLE: ANTHONY GONZALEZ

POLITICS EDITOR: CARSON CHOATE

PHOTO CREDITS: TRUTHOUT

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