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AOC had $50,000 in student loan debt while she tried to get it cancelled

 August 17, 2023

Rep. Alexandria Ocasio-Cortez (NY-14) reportedly carried between $15,000 to $50,000 in student loan debt while advocating for its federal cancellation.

As reported by Fox News, Ocasio-Cortez, a prominent advocate for student loan cancellation, had a significant amount of student loan debt herself. Recent financial disclosures reveal that in 2022, the New York representative held between $15,001 and $50,000 in student loan debt.

Despite her personal debt, Ocasio-Cortez has been a consistent voice in the call for student loan relief. Earning a salary of $174,000 as a member of the U.S. House of Representatives, she has used her platform to push for measures that would also benefit her directly.

Ocasio-Cortez's stance on student loan cancellation

In May 2022, Ocasio-Cortez took to X, formerly known as Twitter, to express her views.

She linked the need for student loan cancellation with other allegedly pressing issues, such as climate action and voting rights.

This was in response to a Marist poll that highlighted President Biden's dwindling approval rating among young adults.

When President Biden later introduced a student loan forgiveness plan aimed at assisting over 800,000 borrowers, Ocasio-Cortez applauded the move.

However, she emphasized the role of public pressure in achieving this milestone and encouraged continued advocacy for even broader relief.

Reactions to Biden's student loan plans

The congresswoman expressed her gratitude for what she termed a "watershed moment."

She acknowledged the positive impact of the initial steps but also highlighted the challenges faced by those with higher debt amounts. Her message was clear: celebrate the progress but continue pushing for more comprehensive solutions.

However, the Biden administration faced setbacks. The Supreme Court nullified Biden's student loan relief program, stating that such a program would require explicit authorization from Congress.

In response, Biden proposed an alternative "work-around" plan. This plan proposed a 12-month "on-ramp" to help borrowers transition back to making repayments.

Ocasio-Cortez's response to the new plan

Yet, Ocasio-Cortez found the new plan lacking. She suggested that the president should halt interest on debt payments for a year.

In a conversation with CNN's Dana Bash, she emphasized the need to suspend interest, especially during the 12-month adjustment period.

She pointed out that many borrowers have debts less than $10,000 or $20,000. For these individuals, accruing interest during the transition period would be particularly burdensome.

Ocasio-Cortez urged the administration to consider this recommendation while continuing to advocate for broader student loan cancellation.

Consistency in Ocasio-Cortez's financial disclosures

The disclosed range of Ocasio-Cortez's student loan debt remained consistent with that of the prior year.

There was no change in the reported amount, reinforcing the personal stake she has in the student loan debate.

Attempts to reach Ocasio-Cortez's office for comments were unsuccessful.

The details of her financial disclosures, as well as her advocacy for student loan cancellation, continue to be a topic of discussion among political observers and the public.

Conclusion

  • Rep. Alexandria Ocasio-Cortez had between $15,000 to $50,000 in student loan debt in 2022.
  • She has been a vocal advocate for student loan cancellation, using platforms like X and Instagram to express her views.
  • President Biden's student loan forgiveness plan, which aimed to help over 800,000 borrowers, received Ocasio-Cortez's support.
  • The Supreme Court nullified Biden's initial plan, leading to the proposal of a 12-month "on-ramp" plan.
  • Ocasio-Cortez suggested suspending interest on debt payments during this transition period.
  • Her disclosed student loan debt amount remained consistent with the previous year.
  • The ongoing debate highlights the complexities and personal stakes involved in the student loan crisis.