April 2, 2023

  • Biden just cancelled up to $20,000 in student debt for federal borrowers.
  • The AOC applauded the relief, but said she would continue to push for those with higher debt levels.
  • “It’s up to us and you to decide if we’re going to stop here,” she wrote on Instagram.

President Joe Biden may have just widely cancelled student debt, but New York Rep. Alexandria Ocasio-Cortez doesn’t think he should stop there.

On Wednesday, Biden finally took a step toward fulfilling a core part of his campaign promise, announcing the cancellation of up to $20,000 in student debt for Pell Grant recipients earning less than $125,000 a year and for other federal borrowers with the same income Get up to $10,000 in student debt relief. cap. While Biden said it would be a “one-off” broad relief, Ocasio-Cortez doesn’t think it’s enough.

“Your push, your pressure, your organization got them this far,” Ocasio-Cortez wrote in an Instagram post, referring to Biden’s student loan forgiveness. “It’s up to us and you to decide if we’re going to stop here or if we’re going to move on.”

She added: “I’m so grateful for this watershed moment – it’s been so inspiring, exciting and has changed the lives of so many people. But I’m also thinking about how this can still give those who are most indebted People, those who need it most. So let’s celebrate and move on.”

She also linked back to a Twitter comment she made in May when she said that even though student loan forgiveness might not affect everyone, “it’s not getting bad.”

Still, the White House has held since Wednesday until Say There will be no further broad relief, but the government will continue to focus on targeted programs such as Public Service Loan Relief.Many Republican lawmakers also expressed dissatisfaction with the relief — Senate Minority Leader Mitch McConnell called it “very unfair,” Fox News said Friday. get A letter from nearly 100 Republican lawmakers asks House Speaker Nancy Pelosi to take action against Biden for overstepping his authority on student loan forgiveness.

While the announced relief is expected to wipe out the student debt balances of about 20 million student loan borrowers, Insider has previously spoken to more than 20 other borrowers — some with close to $1 million in student debt — who have nearly Can’t see their forgivable loan amount.

“It’s not even a drop in the bucket,” said one borrower with more than $300,000 in student debt. “If you wanted to actually make a difference, you could cancel half of the interest we accrued, but right now I’ll never be able to make those payments.”

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