In his most recent essay The Student Loan Forgiveness Program (SLFOP) is Purposely Misnamed, Jay Davidson explains that it is not a “forgiveness” program but instead a transfer program that shifts the payment of the obligation from the person who benefitted from the money to those who did not. Davidson also explains that while it appears as a benefit to the student who borrowed and promised to pay the debt, it actually creates a defeatist psyche on the student borrower.