AOC Explains How College Loan Forgiveness Will Benefit Everyone

“Maybe student loan forgiveness doesn’t impact you,”New York Represenative Alexandria Ocasio-Cortez wrote in an Instagram story on Saturday, in response to a question on the benefits of debt cancellation for those who already paid off their loans. “That doesn’t make it bad. I am sure there are certainly other things that student loan borrowers’ taxes pay for. We can do good things and reject the scarcity mindset that says doing something good for someone else comes at the cost of something for ourselves.”

“It all comes around,” she added. “It’s okay. We can support things we won’t directly benefit from.”

The student-loan-forgiveness conversation is picking up steam after President Joe Biden told reporters last week that he and lawmakers will come to a decision on relief “in the next couple of weeks.” While he said he is not considering canceling $50,000 in student debt for every federal borrower — an amount many progressives have been pushing for — a number of reports have suggested the president is considering at least $10,000 in relief that will likely be tied to income limits, and it will be implemented before the pause on payments expires after August 31.