Manufacturing the Debt Republic of America: Mounting Student Loan Debt and Dismantling Its Neoliberal Political Ideology

Abstract

This paper explores the political debate on student loan forgiveness from a religious (Christian) ethical perspective. In so doing, I answer the three specific questions. First, what are the prospects and limits of different political approaches to the issue? Second, what are the structural or ideological backgrounds that have given birth to the student loan crisis, but are not fully addressed by the president’s executive ordering? Last, what is the Christian ethical response to the issue, and how could it be theologically justified? Answering these questions, I argue that it is time now for American society to reckon with the neoliberal economy of debt that has relentlessly undertaken every aspect of our social and political lives. I also contend that student debt should be regarded as a form of social gift offered by society to the future generation.

Keywords

• student loan crisis
• debt forgiveness
• the economy of debt
• apophatic theology
• neoliberalism
• a form of a social gift