From Alexandria Ocasio-Cortez <[email protected]>
Subject My thoughts on student debt
Date August 27, 2022 4:08 PM
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[ [link removed] ]Alexandria Ocasio-Cortez for Congress


Hi there,

I wanted to share my earlier IG post on student loan cancellation:

[ [link removed] ]I've said it before and I'Il say it again: Not every program has to be
for everybody. People with apartments pay for first time homeowner
benefits. Young people contribute to Medicare for our seniors. People who
take public transit pay for car infrastructure. Maybe student loan
forgiveness doesn’t impact you. That doesn't make it bad. I am sure there
are certainly other things that student loan borrowers' taxes pay for that
you benefit from. 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. An example: If a person is blessed enough to be
in a position to have paid off their loans, maybe they have a home now and
benefitted from first time homeowners programs that people crushed by
student loans help subsidize when they aren't able to buy a home because
of enormous student debt. It all comes around. It's okay. We can support
things we won't directly benefit from.

And one last note: we can keep pushing. Remember that the Biden
administration didn’t want to do this *at all.* It was YOUR pushing, YOUR
pressure, YOUR organizing that got them to this point.

They have forgiven far, far more debt for business owners in the form of
PPP who didn’t need to meet ANY sort of income requirements or means
testing for almost $1 TRILLION in forgiveness. (Mind you, forgiving ALL
student debt in the US is about $1.7 trillion — you could undo the 2017
tax cuts for the 1% and forgive all student loans plus have money left
over to contribute to universal childcare, tuition free college,
homelessness, etc.)

It is now up to us, and to you, to decide if we are going to stop here, or
if we are going to keep pushing. I am very grateful for this watershed
moment of a first step — it is encouraging, thrilling, and has already
changed SO many people’s lives. But I am also thinking about how this
still leaves a question mark for those in the highest amounts of debt, who
need the most amount of help.

So let’s celebrate and keep going ✊🏽

Alexandria


 

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