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Aoc Student Loan - Rep. of New York Alexandria Ocasio Cortez says student loan forgiveness is good for everyone — even those who have already paid off their debt.

"Student loan forgiveness may not apply to you," Ocasio-Cortez wrote in an Instagram story in response to a question about how debt forgiveness benefits those who have already paid off their loans. "That's not a bad thing. I'm sure there are other things that student loan taxes pay for. We can do good things and reject the deficit mindset that says doing something good for someone else comes at the expense of good things for ourselves."

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Talk of student loan forgiveness is increasing after President Joe Biden told reporters last week that a decision on the relief would be made "in the next few weeks." While he has said he will not consider $50,000 in student debt relief for all federal borrowers — an amount many progressives have called for — multiple reports suggest the president is considering at least $10,000 in relief, which is likely to become the case. up to the income limit and it will be implemented after August 31 until the payment pause expires.

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While broad loan forgiveness is something many Democrats want to see happen, Ocasio-Cortez told The Washington Post that she has concerns about income limits for benefits.

"I don't believe in cutbacks, especially for so many frontline workers who are drowning in debt and likely to be excluded from relief," Ocasio-Cortez said. "Cancelling $50,000 in debt is where you really break down inequality and racial wealth. $10,000 is not."

Republican lawmakers feel differently. After news broke that the president was considering canceling student debt this summer, many worried about the possibility of widespread relief. For example, Arkansas Sen. Tom Cotton tweeted about the cost of debt forgiveness to taxpayers: “Why should someone who didn't go to college or pay off their loans be responsible for taking on $13,000 in new debt?

Utah Sen. Mitt Romney said the broad relief would be a "bribe" for voters — an effort by Democrats to win the midterm elections. You. Susan Collins of Maine previously told Insider that student loan forgiveness is "not fair" to those who have already paid off their debt, arguing that higher-income people should not qualify for the broad relief Biden is considering.

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"Instead of continuing to take a break under pressure," the New York representative said. Jamaal Bowman recently tweeted, "He should cancel all of his student loan debt."

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