Student debt is a massive problem. Young people who go to university or college in Britain are given loans to help pay their tuition fees and living costs. Every year £16 billion is loaned to students. The value of outstanding loans is more than £105 billion. The Government forecasts the value of outstanding student loans will rise to £450 billion in the next 30 years. The average debt of a recent cohort of students, who have completed their courses, is £32,000. It is estimated that only 30% of current full-time graduates who take out loans will repay them in full.
In America the problem is even greater and has become an issue in the run up to the 2020 presidential election. The total U.S. student loan debt is more than $1.3 trillion and affects 44 million people. The average loan balance is $37,000 and increases every year because of interest charges. Today many Americans in their 20s, 30s and 40s consider themselves fortunate if their job pays them enough to make their student loan repayments. Some former students refer to their loans as a “debt sentence” which they will carry throughout their whole life.
The recent action of billionaire technology investor Robert F Smith has brought great joy to one class of students at Morehouse College in Atlanta, Georgia. Morehouse College was established soon after the American Civil War to provide education for black male students. Martin Luther King Jnr. was a student at Morehouse. When he was at the College to receive an honorary doctorate, Robert Smith told the students in the class of 2019 that he would pay their student loans. More than 400 students will benefit from this gift which will cost tens of millions of dollars. The College President said the gift will give the students “the liberty to follow their dreams.”
The biggest problem we all face is not financial debt but the debt we owe to God because of our sins. Every day this debt grows, and we can never repay it. The greatest act of love and generosity in the whole of human history was when Jesus, God’s Son, gave his life to pay the debt of our sins. Every day millions of people pray to God, “forgive us our trespasses as we forgive those who trespass against us.” When we confess our sins to God, and experience his forgiveness, he sets us free to live a new life in fellowship with him; the life for which we were created.
The nights are dark and we have had the first frosts of winter. We may envy the birds that have begun to migrate to sunnier and warmer places. Bird migration is an amazing phenomenon. Scientists have recently studied the Alpine swift, a swallow-like bird found in Europe, Africa and Asia. Some of the swifts breed in Switzerland and then fly across the Sahara to West Africa. A team of scientists caught six Alpine swifts in Switzerland and tagged them with data loggers which enabled them to track the birds’ migration.
When the swifts returned to Switzerland three were caught and the data was analysed. It revealed that the swifts can fly for 200 days consecutively, eating and sleeping on the wing. They eat insects in mid-air and seem to be able to control their flying even when sleeping. The scientists concluded that it is possible that some swifts stay on the wing for their whole lifetime, except for breeding.
Jesus taught that we can learn an important lesson from the birds. He said, “I tell you not to worry about everyday life – whether you have enough food and drink, or enough clothes to wear. Look at the birds. They don’t plant or harvest or store food in barns, for your heavenly Father feeds them. Aren’t you far more valuable to him than they are?”
We all worry about everyday things and how we will find the money we need to buy the necessities of life. Poor people worry about finding the food they need for each day. Unemployed people worry about how they will be able to live on the lower allowances they are receiving. Students and young people worry about how they will repay their loans and save up a deposit to buy their own home. People nearing retirement worry about whether they will be able to live on their pension. Pensioners worry about how they will pay big bills and have enough money to pay for the care they may need in later years.
When we worry it’s so important to remember God, our heavenly Father, and to tell him about our anxieties. He feeds the Alpine swifts on the wing. He feeds the birds in our gardens through the food we put out for them. We are much more valuable to him than the birds. So valuable that, out of love for us, he gave his only Son, Jesus, to die on the cross for our sins, that we might receive eternal life through him.