New York Rep. Alexandria Ocasio-Cortez has said that she has outstanding student-loan debt of some $20,000, which she recently reduced to about $19,000 with a payment made (so she says) during a House Finance Oversight Committee hearing. “AOC” seems to believe that she, as well as her fellow college debtors, are entitled to relief or outright cancellation of such debts. Nothing could be further from the truth.
In Miss Ocasio-Cortez’s case, she will, during each year of her two-year term in Congress, receive $174,000 a year in salary. By prioritizing her personnel budget, she would be able to substantially reduce her debt. She could have more meals at home, fewer social outings, wear a far less expensive wardrobe and the like. Miss Ocasio-Cortez made a decision to obtain a loan in order to attend an expensive university so that she could obtain a degree which is of little commercial value. She entered into a legal, enforceable contract as an adult. She could have transferred to a more affordable college or university and obtained a professional rather than a political degree.
Miss Ocasio-Cortez seems to think she is entitled to anything she so desires without regard to consequence. It is that attitude, not the obligation to repay outstanding student-loan debt, which is the problem — one she brought upon herself.