The Loan Question Continued

August 29, 2022 By: Nick Carraway Category: Uncategorized

“I can be someone’s and still my own.” — Shel Silverstein

I suppose I have to be a teacher because I find that I repeat myself quite often. The best writers are the ones that offer lines like above. I’ve used it more than once in this space because it packs so much into such a tiny place. It’s simple and yet more profound than probably anything I’ve ever come up with.

We’ve been talking about student loan forgiveness for a few days now. I have tons of responses on social media and here. The negative responses (mostly on social media) usually fall under two different categories. These are categories I’ve addressed before. I keep repeating myself after all.

The main word we come to in all of these discussions is the word deserve. These students don’t deserve to have their loans forgiven. They haven’t done anything to earn that. Either that or we will cite the fact that they willingly entered into this contract, so they should suffer the consequences of that decision. Of course, the mere fact of suggesting that anyone should suffer anything should make us pause. This doesn’t even mention the fact that we are making a pretty heavy assumption that students are making informed decisions when they sign these deals. We assume they know what they are getting into. If they are in dire financial straits it is probably due to the fact that their parents didn’t go to college. So, why should we expect them to automatically understand how these loans work or how to pick a major that makes sense? Middle class kids that have parents that went to college will know these things. They also will be less likely to need larger loans.

As I said in a previous piece, the idea that any of us deserves anything is presumptuous. Certainly, in a philosophical/theological sense that is definitely untrue. We don’t deserve a damn thing. However, one could claim that everyone should get a measure of human kindness. Silverstein’s quote above eloquently points out that we may think we are lone wolfing it, but all societies have a certain interconnectedness that we cannot deny. We can belong to someone else and still be our own. We can support each other and still maintain a measure of self-reliance.

We all acknowledge that the government does not have an infinite amount of cash to spend. So, when we ask the question of whether we should forgive loans we have to look at it as an investment. What do we as a society get for that? Is that enough to justify the investment? It’s a fair question especially when thrust against other opportunities where we can invest in people.

The second argument levied is why these people get assistance and not those people. Someone asked why they should forgive student loans and not cancer patients. Of course, no one bothered to consider that we could conceivably do both. Sure, it means that other things may not be funded, but opponents love to present a false choice.

People often use these two methods to avoid the hard conversations that come with living in a society. Government spending is all an investment. It is an investment that will help some people and not others. These are choices we freely make as a society. We can dodge it as long as we want, but eventually we have to face these hard choices.