Rep. Alexandria Ocasio-Cortez (D-NY) expressed a sense of urgency for the Biden administration to address student loan debt in a significant way by forgiving more than $10,000 per student after President Joe Biden’s failure during Tuesday’s CNN town hall to commit to doing so.
“Very wealthy people already have a student loan forgiveness program. It’s called their parents,” Ocasio Cortez said on Wednesday amid reports of the Biden administration remaining relatively unclear on its position concerning student loan debt forgiveness.
“The idea that millionaires and billionaires are willingly letting their kids drown in federal student loans & that’s why we can’t go big on forgiveness is about as silly as it sounds,” she said, identifying $30,000 as the “average” student loan debt in the United States.
“Many won’t fully feel $10k in forgiveness until after a Biden presidency is over, when they’ve spent 10 years paying off the other $20k+,”