Most members of “The Squad” — the clique of socialist legislators led by Rep. Alexandria Ocasio-Cortez (D-N.Y.) — fall into this category. The records show that they collectively owe between $180,004 and $400,000 in student loans.
According to her most recent personal financial disclosure, Rep. Ocasio-Cortez had a balance of between $15,001 and $50,000 in federal student loans as of 2020.
Despite her $174,000 annual salary, the economics major has yet to pay off her balance, despite a zero percent interest rate and no payments due since March 2020.
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“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.
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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,” insisted 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 asserted.
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“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.”
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“What does it mean to all the people that struggled and made the commitment and honored their commitment?” demanded 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.
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Other members of “The Squad” are in the same wheelhouse.
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.
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According to her paperwork, Rep. Rashida Tlaib (D-Mich.) disclosed between $50,001 and $100,000 in law-school loans 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 concluded.
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