Commentary and Philosophy Non-Fiction posted May 5, 2022 |
A brief Commentary On Student Debt Forgiveness
TO Forgive Or Not To Forgive
by Brenda Henderson
There is a great deal of discussion and debate around broad-based student loan forgiveness. Some borrowers who were able to pay off their student loans do not believe it is fair to them for others to have their loans forgiven. This is the crux of the current debate. While the President ponders, I thought I would share my thoughts.
In an ideal world everyone who goes to college and graduates get a good high paying job and can afford to pay that money back with ease. The reality however, is often quite different. Many become underemployed or cannot find employment in their field of study. Others are refused employment because of being "over qualified." Many have their careers stymied or cut short due to professional rivalries, jealousy, fear from those not possessing college credentials. Or life happens and due to some illness or accident they are unable to truly actualize their full potential.
A lot of these students actually know "what happens to a dream deferred." The reason they know is with their education they believed in a hope and a future that for whatever reason never materialized for them. Now they are struggling under the weight of crippling debt that even if they are not actively paying on said debt can negatively impact their lives and opportunities because it still counts against them in important instances.
Tell me how do you pay back a forty or fifty thousand dollar debt when you're struggling to live with a fixed or low income? Some went willingly into debt in the hope of a bright future and found an empty pot at the end of the rainbow.
To those upset at the potential of some people being relieved of such a burdensome debt I have no words for it is unlikely that any words would comfort or console them. I would hope on some level they will understand that when we lift others we lift ourselves often in ways we could never imagine. Just a thought.
There is a great deal of discussion and debate around broad-based student loan forgiveness. Some borrowers who were able to pay off their student loans do not believe it is fair to them for others to have their loans forgiven. This is the crux of the current debate. While the President ponders, I thought I would share my thoughts.
In an ideal world everyone who goes to college and graduates get a good high paying job and can afford to pay that money back with ease. The reality however, is often quite different. Many become underemployed or cannot find employment in their field of study. Others are refused employment because of being "over qualified." Many have their careers stymied or cut short due to professional rivalries, jealousy, fear from those not possessing college credentials. Or life happens and due to some illness or accident they are unable to truly actualize their full potential.
A lot of these students actually know "what happens to a dream deferred." The reason they know is with their education they believed in a hope and a future that for whatever reason never materialized for them. Now they are struggling under the weight of crippling debt that even if they are not actively paying on said debt can negatively impact their lives and opportunities because it still counts against them in important instances.
Tell me how do you pay back a forty or fifty thousand dollar debt when you're struggling to live with a fixed or low income? Some went willingly into debt in the hope of a bright future and found an empty pot at the end of the rainbow.
To those upset at the potential of some people being relieved of such a burdensome debt I have no words for it is unlikely that any words would comfort or console them. I would hope on some level they will understand that when we lift others we lift ourselves often in ways we could never imagine. Just a thought.
In an ideal world everyone who goes to college and graduates get a good high paying job and can afford to pay that money back with ease. The reality however, is often quite different. Many become underemployed or cannot find employment in their field of study. Others are refused employment because of being "over qualified." Many have their careers stymied or cut short due to professional rivalries, jealousy, fear from those not possessing college credentials. Or life happens and due to some illness or accident they are unable to truly actualize their full potential.
A lot of these students actually know "what happens to a dream deferred." The reason they know is with their education they believed in a hope and a future that for whatever reason never materialized for them. Now they are struggling under the weight of crippling debt that even if they are not actively paying on said debt can negatively impact their lives and opportunities because it still counts against them in important instances.
Tell me how do you pay back a forty or fifty thousand dollar debt when you're struggling to live with a fixed or low income? Some went willingly into debt in the hope of a bright future and found an empty pot at the end of the rainbow.
To those upset at the potential of some people being relieved of such a burdensome debt I have no words for it is unlikely that any words would comfort or console them. I would hope on some level they will understand that when we lift others we lift ourselves often in ways we could never imagine. Just a thought.
My gratitude for the use of "Debt Paid" by Mr. Jones on FanArtReview.com.
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