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In US, student debt plan a relief to those struggling with loans

AFP

When Roman De La Cruz learned that some of his student debt could be forgiven, he breathed “a huge sigh of relief.”

The 27-year-old, who like millions of Americans borrowed heavily to finance his college education, worried he would have to live from one paycheck to another to pay back the $27,000 he owed.

But because he makes less than $125,000 a year, De La Cruz will see $10,000 wiped off his debt under a plan announced by US President Joe Biden on Wednesday.

“I was a little worried,” De La Cruz told AFP. “I was barely going to make it.”

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The debt forgiveness is intended to ease the burden on tens of millions of young Americans. US universities can charge anywhere from $10,000 to $70,000 a year, leaving graduates with a heavy burden as they start their careers.

De La Cruz, who graduated from Appalachian State University in 2019 and is now a geologist living in suburban Washington, estimates that his college education cost him about $55,000.

“I was mainly worried that I was going to have to live paycheck by paycheck. And no one wants to live that way,” he said.

The proposed debt relief falls far short of some Democrats’ goal of securing complete forgiveness, but is opposed by Republicans who argue that shaving any amount from loans is unfair to those who have already spent years saving to pay off their own debts.

There was also immediate debate over whether effectively giving millions of people a cash injection will stoke already rampant inflation.

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At Howard University in the US capital, students broadly welcomed Biden’s plan, but some want him to go further.

“I definitely think that college should be free,” said Amarie Betancourt, a 20-year-old journalism student.

– ‘Anxiety and hesitation’ –

Vivian Santos-Smith, who is studying political science, said debt weighs on students.

“It definitely does allow anxiety and hesitation,” the 20-year-old said. “I want to get a PhD, but on a side note, what I have to think about is how much money that education costs.”

Americans still in college are less directly affected by the debt forgiveness, but some could still benefit from it if their parents meet certain income requirements.

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On Howard’s campus, talking about debt is common among students, Betancourt said.

“A lot of us are struggling to pay tuition. People set up GoFundMe, people have to drop out, take semesters off,” she said.

Without a scholarship, a year of study at the university costs $40,000. With such a high price tag, Theodora Nkwogu, 19, has to borrow $15,000 per year.

“You do all this education and you kind of want, like, some assurance that it’s not going to waste and that you’re not going to be, like, completely broke when you leave college,” said the second-year student.

“When you graduate, it’s like you got your certificate, your diploma and you’re… done, and you’re going on to a career and moving on in life, but with the student loan, you’re still tied back to here.”

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International

Mexico, Brazil and Colombia left out of Trump’s “Shield of the Americas” summit

Left-wing governments in Latin America, including Mexico, Brazil and Colombia, were excluded from the “Shield of the Americas” summit convened by U.S. President Donald Trump.

The meeting, held in Miami, Florida, brought together 12 presidents from across the continent to discuss strategies to combat drug cartels and organized crime.

In Mexico’s case, President Claudia Sheinbaum had recently rejected the use of military force as a solution to the drug trafficking problem. She has argued that her administration’s security strategy is producing results and emphasized that force alone is not the answer.

During the summit, Trump said that most narcotics entering the United States come through Mexico and referred to his previous conversations with Sheinbaum on the issue.

“I like the president very much, she’s a very good person,” Trump said. “But I told her: ‘Let me eradicate the cartels.’ And she said, ‘No, no, no, please, president.’ We have to eradicate them. We have to finish them.”

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The remarks highlighted ongoing differences between Washington and Mexico over how to confront drug trafficking networks operating across the region.

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International

Trump announces 17-nation alliance in the Americas to “destroy” drug cartels

U.S. President Donald Trump announced on Saturday the creation of a 17-nation alliance across the Americas aimed at dismantling drug cartels, during a regional summit held at his golf club in Doral.

Speaking to a group of allied leaders at the Shield of the Americas Summit, Trump said the initiative would rely on military force to eliminate powerful criminal networks operating throughout the hemisphere.

“The heart of our agreement is the commitment to use lethal military force to destroy these sinister cartels and terrorist networks. Once and for all, we will put an end to them,” Trump told the assembled heads of state.

The Republican leader argued that large portions of territory in the Western Hemisphere have fallen under the control of transnational gangs and pledged U.S. support to governments seeking to confront them. He even suggested the potential use of highly precise missiles against cartel leaders.

Before making the announcement, Trump greeted the roughly twelve leaders attending the summit, including close allies such as Javier Milei, Daniel Noboa and Nayib Bukele, whom he described as a “great president.”

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The meeting forms part of Trump’s broader regional strategy inspired by his reinterpretation of the Monroe Doctrine, which seeks to reinforce Washington’s influence in the Americas, strengthen security cooperation and counter the growing presence of powers such as China.

Trump pointed to recent U.S. actions in the region as examples of his administration’s approach, including the operation that led to the capture of former Venezuelan president Nicolás Maduro earlier this year.

The summit also takes place amid escalating international tensions following the conflict launched last week by the United States and Israel against Iran.

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International

Trump replaces Homeland Security Secretary Kristi Noem with Senator Markwayne Mullin

U.S. President Donald Trump announced Thursday the departure of Kristi Noem as Secretary of Homeland Security, one of the key architects of the administration’s policy of deporting undocumented immigrants.

Noem, who has been assigned a new role as a “special envoy” to Latin America, will be replaced starting March 31 by Republican Senator Markwayne Mullin, the president said in a message posted on his social media platform Truth Social.

According to media reports, Trump made the decision after Noem’s recent hearings in Congress, during which she faced tough questions regarding the awarding of a major public contract.

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