Biden's Student Loan Forgiveness Plan Criticized by AOC and Supreme Court

Rep. Alexandria Ocasio-Cortez criticized President Biden's new plan to cancel federal student loan debt, stating that it doesn't go far enough. Ocasio-Cortez called for the suspension of interest payments during the 12-month "on-ramp" period outlined in the plan. Biden's proposal, which invokes the Higher Education Act, aims to provide relief to borrowers but may take longer to implement. Ocasio-Cortez argued that Congress has given the president the authority to forgive student loan debt and expressed concerns about the Supreme Court's overreach. The previous student loan forgiveness plan proposed by Biden would have canceled up to $20,000 for Pell Grant recipients and $10,000 for other borrowers with incomes below $125,000.