'It was literally easier for me to become the youngest woman in American history elected to Congress than it is to pay off my student loan debt,” Alexandria Ocasio-Cortez says. (via CNBCMakeIt)
Student loan debt, said Ocasio-Cortez, is causing "a systemic, economy-wide threat of grinding our economy to a halt" because people of her generation are not purchasing houses or homes but are instead focused on repaying student debt.
The College for All Act would eliminate tuition and fees at all public four-year colleges and universities, community colleges and trade schools. The lawmakers suggests funding the estimated $2.2 trillion cost of the bill with a tax on Wall Street transactions. Ocasio-Cortez and her colleagues say that the ambitious proposal is an important part of ending the cycle of student debt.
"What we tell 17-year-olds all the time is that you are not old enough or responsible enough to drink, you are not old enough or responsible enough to vote, you are not old enough or responsible enough to serve in our military, but you are old enough and responsible enough to take on a quarter million dollars worth of debt," she said.
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