"Thank you! Next stop: cancellation," AOC tweeted, while her squad-mate, Rep. Ilhan Omar, also joined, "Great, now cancel it!"
The Biden Administration extended the moratorium on student loan payments until May 1, which was expected to fade out at the end of next month.
WATCH: DESANTIS ON WHY STUDENT LOAN FORGIVENESS IS UNCONSTITUTIONAL
Progressives have claimed that Biden can unilaterally write off $50,000 in debt for every borrower, but the President has been unwilling to do that with the stroke of his pen.
Biden has said he'd be comfortable writing off $10,000 of debt per borrower, but last week, press secretary Jen Psaki said the President wanted Congress to act. "If Congress sends him a bill he's happy to sign it. They haven't sent him a bill on that yet," Psaki said.
WATCH: REMEMBER SNL TIM MEADOWS AS OJ SIMPSON?
Congressional Democrats are supporting debt cancellation.
Beyond other squad members, Reps. Jamaal Bowman and Ayanna Pressley, high-profile party members, followed as well.
"I applaud President Biden for once again pausing federal student loan payments for 45 million Americans. Now let's cancel it. All of it," tweeted progressive Sen. Bernie Sanders.
WHEN SHADOW WARS COME TO LIGHT: IRAN-ISRAEL CONFLICT PLAYS OUT ON THE WORLD STAGE
Sen. Tammy Duckworth said she was behind the $50,000 figure. "Next, let's work to cancel up to $50K of student debt to ease this burden even further and boost our economy," she tweeted Wednesday.
UNMASKING THE HELLS ANGELS: ATF AGENT BREAKS SILENCE ON TWO-YEAR UNDERCOVER MISSION
Senate Majority Leader Chuck Schumer advocates the $50,000 number as well.
The problem with giving a debt cancellation bill is that it wouldn't stand up to a GOP-led filibuster in the Senate, and filibuster reform seems off the table without commitments made by moderates like Sen. Joe Manchin.
HEART-STOPPING ACT OF VALOR: AUSTRALIAN COP'S DRAMATIC SHOWDOWN WITH KNIFEMAN
Rep. Eric Swalwell, reacting to the news, pushed his bill, the No Student Loan Interest Act, which would forgive all interest on outstanding government student loans and place the interest rate at 0 percent on all existing payments.
Student loan interest rates were historically set to double or triple what they'd be on a standard mortgage.
OUTRAGE IN CHICAGO: FAR-LEFT RALLY CHEERS FAILED IRANIAN ASSAULT ON ISRAEL (WATCH)
"This is good policy," he said of Biden's move Wednesday. "And looking ahead, the government shouldn't earn profits on students' backs."
FLASHBACK FURY: TRUMP REPOSTS OLD TWEET AMID MIDDLE EAST WAR
The White House was previously against an extension and signaled repayment would begin on February 1, before making the announcement Wednesday.
NEW POLL SHOCKER: HALF OF VOTERS SAY TRUMP ERA WAS BETTER – WHAT'S BEHIND THE CHANGE OF HEART?
"We know that millions of student loan borrowers are still coping with the impacts of the pandemic and need some more time before resuming payments," the President said in a statement.
Student loan payments have been halted since early 2020 due to a provision in the CARES Act, the first Congressional package dealing with the coronavirus pandemic.
Discover alternative ideas that will make you think
Engage in mind bending debate
Earn points, rise in rank, have fun
