Loanless student favors Biden’s debt cancellation plan

RALEIGH, NC — President Joe Biden has announced his plan to fix student debt. Some have expressed frustration with debt cancellation, saying it only applies to some people and does not benefit others.

What do you want to know

  • NC State junior Amelia Allende Mendes doesn’t have a student loan, but she’s still supportive of President Joe Biden’s plan to forgive student loan debt
  • Allende Mendes, 20, wants the Biden administration to do more, like offering a continuing education stipend to high school students
  • She thinks canceling student loans will encourage minority students to pursue higher education

Amelia Allende Mendes, an NC State junior, doesn’t have a student loan, but she wants this relief for others.

Allende Mendes, 20, is grateful to have come full circle on the scholarships.

“I was fortunate that my academic efforts and subsequent successes resulted in me receiving several scholarship opportunities, which greatly reduced the financial burden of college for me,” said Allende Mendes. “Now I know that’s usually not the case for most people. And I can understand that this is a determining factor in whether or not they pursue higher education.

Forty-five million Americans are crippled by $1.7 trillion in student debt. Although Allende Mendes doesn’t fall into that category, she welcomes the decision to offer relief to so many people.

“Most of my friends are students. But my friends who are graduates, now finishing college and really getting into their first real jobs are starting to budget,” Allende Mendes said. “And they say, you know, ‘I try to set aside a lot of my salary every two weeks for my student loans.’ So it already plays a very instantaneous role in their lives.

She believes that canceling student loan debt is only a short-term solution. And that the Biden administration should offer more economic incentives, like a continuing education allowance for high school students.

“I think to make everything fairer, freshmen in college or at that age, people graduating from high school should also be given a $10,000 incentive to pursue higher education, whether that i.e. a four-year course. a university, community college or trade school,” she said. “And finally, people who get college degrees tend to earn more later, and so they pay more taxes and contribute more to the economy.”

Allende Mendes is a Latina, with Costa Rican, Chilean and Brazilian heritage. Going to higher education has always been a big problem in his family.

Allende Mendes says the student loan forgiveness will be an incentive for minority students to pursue higher education and a way for them to increase their earning potential.

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