Scroll Top
Your Debt is Forgiven

Weekly Devotionals

Your Debt is Forgiven

And you, who were dead in your trespasses and the uncircumcision of your flesh, God made alive together with him, having
forgiven us all our trespasses, by canceling the record of debt that stood against us with its legal demands. This he set aside, nailing it to the cross. – Colossians 2:13-14

I heard a thought-provoking story from a sermon this past week about what it means to have your debts cancelled.

It was graduation day at a certain Christian college. Prior to the commencement ceremony three of the top students were
called into the president’s office. These three students were not only at the top of their class academically, but they also had tremendous ambitions after graduation to go into the world and live a life of sacrifice for God by serving others in impoverished nations. The three students thought they were summoned to the president’s office just so they could be recognized for their academic excellence, but there was another reason they were there.

As the three students stood there the president told them that an anonymous donor had heard of these students and wanted to help them in their life journey with Christ. The president went up to the first student and told her, “For your faithfulness to the Lord Jesus Christ, and for offering up your life to him, your debts have been forgiven. You no longer owe your debt of $103,000 to the school.” The student was speechless and stood their trembling in disbelief.

The president then went up to the second student and said, “And for your faithfulness to the Lord Jesus Christ, and your dedication to him, your debts have been forgiven. You no longer owe your debt of $70,000.” Likewise the second student was speechless and stood trembling in disbelief, barely holding back tears.

Finally, the president went up to the third student. This student already anticipated what was coming her way, but until she heard the words for herself she could not believe it. Likewise the president told her, “For your faithfulness to the Lord Jesus Christ, and for offering up your life to him, your debts have now been forgiven. You no longer owe your debt of $120,000.” Similar to the other two, this student stood trembling and fighting back tears of joy.

Can you imagine the joy, wonder, and awe that were going through the hearts and minds of these students? Can you imagine the incredible freedom these students must have experienced? Can you imagine the empowerment these students must have felt
as they realized they were no longer shackled to their debt? Indeed, this was an incredible moment for these students. Yet, it still pales in comparison to the grace and the cancellation of our debts nailed to the cross of Jesus Christ.

This week, I pray that we can all reflect on the amazing grace of our Lord Jesus Christ, who forgave our debt of sin, and nailed it to the cross. I pray that we can all stand trembling in incredible joy of the cancellation of our debt. I pray we can all be renewed in this joy today and throughout the week.

Blessings.