Connect with us

Hi, what are you looking for?

Business

These woke pols want student loans forgiven — including their own

Many of the woke politicians who have pushed for student-loan cancellation are themselves hip-deep in school debt, federal records reviewed by The Post show. Most members of “The Squad” — the coterie of socialist legislators led by Rep. Alexandria Ocasio-Cortez (D-N.Y.) — fall into this category. Collectively, they owe between $180,004 and $400,000 in student loans, the records show. Rep. Ocasio-Cortez had a balance of between $15,001 and $50,000 in federal student loans as of 2020, according to her most recent personal financial disclosure. Despite her $174,000 annual salary, the economics major hasn’t paid off her balance, despite a zero percent interest rate and no payments due since March 2020. “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,” she said in December. The daughter of a Westchester architect, AOC graduated from Boston University in 2011. Critics said student loans present a potential conflict for lawmakers in the ongoing debate whether federal loans should be reduced or forgiven. “It definitely seems like a conflict of interest to me,” said Harmeet Dhillon, a California member of the Republican National Committee and former legal advisor to President Trump. “Rep. Ocasio-Cortez is single, has no children, and is earning almost $200,000 in salary and benefits. She should be setting an example for her constituents and paying down her debts,” she added. “I certainly do think it presents a conflict of interest, and I don’t know how anybody can realistically … tell me how this is essentially different from insider trading,” Rep. Scott Perry (R-Pa.) told The Post. “The important thing is that, number one, they made a commitment and, number two, [debt cancellation] would personally enrich them.” “What does it mean to all the people that struggled and made the commitment and honored their commitment?” said Perry, the chairman of the House Freedom Caucus, a veteran who worked his way through Pennsylvania State University. AOC didn’t return requests for comment. Other members of “The Squad” are in the same boat. Rep. Jamaal Bowman (D-N.Y.), 45, has a loan balance between $100,001 and $250,000, according to his 2020 financial disclosure. “The president has authority and the moral responsibility to cancel student debt right now,” Bowman, who has degrees from the University of New Haven, Mercy College and Manhattanville College, said on the House floor in December. Rep. Rashida Tlaib (D-Mich.) disclosed between $50,001 and $100,000 in law-school loans, according to her paperwork, from her time at Western Michigan University. “We have to stop treating… folks that are paying for education as if they bought some bougie car,” Tlaib said on the floor. Rep. Ilhan Omar (D-Minn.), a North Dakota State University graduate, reported between $15,001 and $50,000 in student loans, according to her most recent filing. They didn’t return calls. There are also many non-Squad legislators with outstanding loan balances: Reps. Jahana Hayes (D-Conn.) and Grace Meng (D-N.Y.) reported between $100,001 and $250,000 in debts, and Veronica Escobar (D-Tex.) between $75,005 and $250,000, records show. Sen. Chris Murphy (D-Conn.) disclosed between $30,002 and $50,000 in loans for himself and his wife. Rep. Mondaire Jones (D-N.Y.) disclosed between $15,001 and $50,000. A group of legislators asked President Biden in a Jan. 25 letter to cancel up to $50,000 in student loans per borrower through executive action. The president has so far balked at taking such a step, despite requesting a U.S. Department of Education memo legally justifying it. Additional reporting by Mary Kay Linge

Click to comment

Leave a Reply

Your email address will not be published.




Advertisement

You May Also Like

Business

Contact The Author Female employees at CNN are furious that chief spokesperson Allison Gollust is keeping her job after lying about her affair with...

Business

North Korean hackers managed to steal a fortune in cryptocurrency in 2021, according to the results of a recent study. Cybercriminals based in North...

Business

Katie Couric dished on Jeff Zucker and Allison Gollust’s relationship in her tell-all memoir last fall, saying it struck staffers as “super strange” when...

Business

Apple has started allowing some customers back into its New York City stores — just hours after the tech giant had banned all in-person...