AOC is crying in her beer after she decided she no longer wants to pay for the education responsible for her making $174,000 dollars a year. She wants Uncle Brandon to cancel all of her $17,000 debt. She is not alone in this pursuit. She is joined by Ilhan Omar and Rashida Tlaib. Is this a commie thing? Would they like the government to pay off their houses and cars, too?
“I’m 32 years old now. I have over $17,000 in student loan debt, and I didn’t go to graduate school because I knew that getting another degree would drown me in debt that I would never be able to surpass. This is unacceptable.”
Let’s stop advancing this narrative that student loan debt is for the privileged.
Do we really think a billionaire’s child is taking out student loans?
First-generation college students are twice as likely to report they are behind in making student loan payments. pic.twitter.com/KyGnrJCjNq
— Rep. Alexandria Ocasio-Cortez (@RepAOC) December 3, 2021
As noted by Foundation for Economic Education policy correspondent Brad Polumbo, AOC is paying no more than $2,400 a year on her loan. She can’t afford that? Why don’t we garnish her pay? If she really wanted to, she could pay her debt off in one year. And her degree will stay with her for the rest of her life. I fail to see what the problem is.
He also pointed out that if properly managed, her debt is, in all probability, very manageable:
Ocasio-Cortez’s $17,000 in student loan debt sounds like a lot, but it probably only involves a monthly student loan payment of $100-$200. It’s hard to know exactly what her payment is without being familiar with the specifics of her loans, but $100-$200/month is a reasonable estimate given that the average graduate owes $28,400 total, which equates to a $297 monthly payment.
Rep. Rashida Tlaib (D-MI) said on the House floor that she is likewise struggling to repay her obligations: “I worked full time, Monday through Friday, and took weekend classes to get my law degree. And still, close to $200,000 in debt. And I still owe over $70,000 and most of it was interest.”
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“She’s a perfect example of why we shouldn’t forgive student loans,” Walsh tweeted. “She makes $175,000 a year and wants the tax payer to assume her debts? No, pay your bills you deadbeat. Student loan forgiveness is upper class welfare.”
“Half of all student debt is held by people with graduate degrees,” he added. “The idea that this is some kind of persecuted class of people who deserve tax funded debt forgiveness is absurd.”