AOC Says She’s ‘One of the Few That Doesn’t’ Benefit from Biden’s Student Debt Handout

Democrat Rep. Alexandria Ocasio-Cortez (D-NY) has revealed that she won’t benefit from President Joe Biden’s taxpayer-funded student debt handout.

Biden is pushing to wipe the student debts of college-educated voters with tax dollars ahead of the critical 2024 election.

However, AOC says she’s “a little bit outside the threshold and bounds” to take advantage of the socialist vote-buying scheme.

AOC, who earns at least $174,000 per year for her Congressional salary, was asked if she would be included in Biden’s latest student loan forgiveness plan during an appearance on “The Late Show with Stephen Colbert.”

Colbert asked AOC to tell him about the plan for student loans, which she worked on.

“There are over 40 million student loan borrowers in the United States today, President Biden just unveiled a plan to offer relief in some way, shape, or form, either complete or partial, to 30 million of them,” she explained.

“Thirty million student loan borrowers are going to start seeing relief.”

The late night host asked the wealthy Democrat if she was one of the people who would benefit from the program, which is funded by the American people.

“I don’t think I will be,” AOC replied.

“Actually, I’m going to be one of the few that doesn’t.

“I’m a member of Congress,” she added.

“I’m a little bit outside the threshold and bounds.

“But if I wasn’t, you know, just a few years ago, waitress me five years ago would have benefited from it.

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“Congresswoman me will not, but that’s okay.

“I’ll take the knock if it means people can get relief.”

The Supreme Court has struck down multiple versions of Biden’s plans for a student loan bailout, and 11 Republican-led states filed a lawsuit against the version he announced in February.

The new Biden plan is expected to affect up to 30 million Americans, who will see sizable portions of their student debt slashed before the November election, according to the Wall Street Journal.

The plan’s central pillar focuses on cutting loans that have exceeded their principal amount due to interest.

It would cut up to $20,000 in accrued interest, while borrowers who make less than $120,000 or couples who make less than $240,000 would be allowed to cut all of their accrued interest beyond the principal amount, the WSJ reported.

The result would see roughly 23 million Americans having their loans cut down to the principal amount.

Biden’s plan would cancel debt for borrowers who have held onto their loans for decades without fully paying them off.

The forgiveness would apply to any undergraduate debt lasting more than 20 years and any graduate debt lasting more than 25 years, according to WSJ.

Colbert also asked Ocasio-Cortez about calling the situation in Gaza “an unfolding genocide.”

He added that “genocide” was an “electric term.”

“What did you hope to make possible by going that far in your description?” he asked the progressive lawmaker.

The congresswoman argued:

“We have been on the precipice of a mass famine that would indiscriminately kill nearly a million children, adults, innocent people, men, women, and children.”

“I think in using this term, it is not to engage in a game of rhetoric, but it is for us to see what is happening for what it is,” she said.

READ MORE – AOC Shredded for Warning of ‘Risks in Not Seizing’ Trump’s Assets: ‘Plain Ignorant’

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By Frank Bergman

Frank Bergman is a political/economic journalist living on the east coast. Aside from news reporting, Bergman also conducts interviews with researchers and material experts and investigates influential individuals and organizations in the sociopolitical world.

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