Rep. AOC said POTUS should cancel student debt instead of extending the payment pause, saying that some constituents were considering cancelling medical procedures or selling their cars to prepare for payments that were supposed to restart in May.
sent a letter to Biden urging him to extend the payment pause through at least the end of the year, and to cancel student debt as he promised to do on the campaign trail.
Without student debt cancellation, Rep. Alexandria Ocasio-Cortez pointed out, borrowers will continue to live under looming deadlines, which can add to financial stress. “I think some folks read these extensions as savvy politics, but I don’t think those folks understand the panic and disorder it causes people to get so close to these deadlines just to extend the uncertainty,” she. “It doesn’t have the effect people think it does. We should cancel them.”
Ocasio-Cortez went on to say that constituents have asked her whether or not they should cancel medical procedures or sell their cars in order to prepare for payments to restart. The uncertainty is a “strain,” she said. Activists have been pressuring the Biden administration to take action on student debt. The Debt Collective marched in Washington, D.C. on Monday in order to demand that Biden cancel student loans.. “Biden has the complete authority to wipe it out completely with an executive order. Do it now, [Biden].”
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