Vain Jangling
We are helping people by canceling their student debt.
What is honestly happening with the promises of “canceling student debt”?
First, it must be admitted that a person chooses to take out a loan. Whether for school, vehicle, home, or for any personal reason, it is a choice an individual makes based on their assessment of wanting or needing something (now) that they cannot afford (now).
Second, the commonsense agreement (commitment) between the borrower and lender is that the borrower will repay the loan according to the agreed upon terms. It is at this point that the borrower can choose to accept the terms of the lender or seek out another lender. —We understand, many factors can go into the terms and how they may vary from person to person, loan type to loan type, but that is a different discussion.
Third, the cancellation (or proposed cancellation) of debt should be between the lender and borrower. If the lender chooses to cancel the debt of the borrower (for any reason they deem acceptable) it is their choice. The borrower is then free of their debt because the lender accepts the loss of the debt (and any possible interest, etc.).
What we find in “canceling student debt” by a president or administration is their insertion of themselves as a third party, outside the scope of the original agreement (commitment) between the borrower and lender. Then their insertion of a fourth party (also not found in the initial contract) to which to make responsible for the loan of which they “cancel” for the original borrower. Whereas the borrower who made the choice (whether a good or bad decision) is set free, the lender or fourth party (we the people, etc.) are forced into bondage to the loan —by the third party. (Proverbs 22:7)
It is mere vain jangling to try to twist the misuse of power and negligent shift of debt into anything but inappropriate and misappropriation toward those who did not choose school debt, have paid their school debt, and those who will pay their school debt (or any other debt). What we should be discussing is ways to lower school tuition costs and ways to help students realize there are good, alternative job training opportunities that do not require expensive student loans. Not to mention, the borrower should not expect the government (i.e. taxpayers) or other persons to take on their responsibilities. Nor should persons be forced to pay for something they never agreed to; especially, while the original borrower benefits from it.