“My heart bleeds for the people who went out and paid their loans, who went with nothing, whose families said, ‘I’m sorry, we can’t pay your loans,'” she said.
“Look, my family paid for my education,” she added. “I’m sure they had better things to do with their money. I didn’t need to take out loans because they paid for them. But they worked hard for their money. It’s a gift, and it’s disgusting.
On Wednesday, Biden announced the cancellation of student loan debt of up to $20,000 for certain borrowers earning less than $125,000 a year. He also announced the continuation of the freeze on student loan repayments until January.
“People can finally start crawling under this mountain of debt to pay their rent and their utilities, to finally think about buying a house or starting a family or starting a business,” the president said in a speech to the White House. . “And by the way, when that happens, the whole economy is better off for it.”