AOC Calls to Keep Pushing as Biden Demurs on Canceling $50K in Student Loan Debt President Biden holds a face mask as he participates in a CNN town hall at the Pabst Theater in Milwaukee, Wisconsin, February 16, 2021. Saul Loeb / AFP via Getty Images By After President Joe Biden told the nation during a CNN town hall Tuesday night that he “will not” cancel $50,000 in student loan debt per borrower, Rep. Alexandria Ocasio-Cortez was among the many progressives who pushed back against the president’s false narrative about who would benefit from the move and urged advocates to keep up the pressure.