Social Credit Views

Saturday, 20 January 2018 18:54

How the Practice of Student Loans Fails to Embody the Social Credit Vision for Society

Rate this item
(1 Vote)

The basic needs of every human being are critical in understanding what must be adequately fulfilled in order for individuals to achieve a state of well-being. With Maslow’s principles still very relevant to the daily functioning of every human being, it’s no wonder the world population is struggling to fulfil these needs. A student loan is a typical example of humans being forced to sacrifice their basic needs in order to fulfill a psychological need. This is not a sustainable approach to creating a personal Utopia, and here’s why.

Student Loans Are A Long-Term Commitment

According to an old proverb, the borrower is a slave to the lender. A student loan is, therefore, a commitment from a very young age and students find it difficult to avoid the debt trap after they’re done with their studies. This is because the edge has been taken off the sting of debt. When students accept that student loan debt is the only way to fund their studies, they are already being conditioned to believe that loans are the only means of satisfying their psychological needs at the risk of disadvantaging their basic needs.

Suffocating in Debt

When a nation’s student loan debt tips the trillion dollar scale, as it has done in the United States, it’s cause for concern. Average households struggle to make ends meet, and, with an average installment of $222 per month just on student loan debt repayments, it makes it difficult to end the cycle of debt. A recent survey reveals that millennials are willing to make radical choices to get rid of student loan debt. We are dealing with a desperate nation when young people rate their freedom of choice lower than their obligation to the banks.

A Better Approach

By acquiring knowledge of the Social Credit analysis of the present financial system, students will have a better understanding of their approach to student loans and to other types of debt. This is because the loan is only presented as an option, not the only solution to the problem. Unemployment and underemployment statistics for graduates reflect that seeking that coveted degree is still a worthy exercise, but it should not be at the expense of basic financial security. This means, under the current financial set-up, seeking alternative sources of funding for those degrees such as taking on part-time work, studying part-time while fully employed, working towards bursaries and scholarships, and more.

In a world where the first option for any type of funding is debt, students find it increasingly hard to keep up without conforming to the behavior of the masses. The expectations put on students to have the ultimate college experience do not make this any easier and are often the catalyst to the debt cycle. By approaching a college degree as a psychological need and not as a basic need, students will be able to separate their desire for instant gratification and approach their studies a little differently. Hopefully, they will find a way to avoid the odious student loan.

Leave a comment

Make sure you enter all the required information, indicated by an asterisk (*). HTML code is not allowed.

Latest Articles

  • Social Credit and War
    Social Crediters have repeatedly warned that there is a chronic economic cause, entirely artificial in nature and, therefore, unnecessary, which inexorably leads nations to take up arms against each other.
    Written on Monday, 11 November 2024 06:20 Read more...
  • To Regulate or not to Regulate Retail Profit-Margins on Turnover? That is the Question!
    Recent events and discussions with both Douglas Social Crediters and others have brought the profit-regulation condition that was sometimes presented by Douglas as being part and parcel of the compensated price mechanism discount into focus. While some, following Douglas’ indications, have defended the profit-regulation mechanism as a necessary and/or important feature of the compensated price discount, others, including some seasoned Social Crediters, have objected to it as unnecessary and/or problematic for a variety of reasons. Rather than attempting to solve the problem or to resolve the dispute (which perhaps can only be properly decided definitively one way or the other by an empirical trial), I will aim to put the issue in context and to outline some of the main considerations both in favour and against the profit-regulation condition.
    Written on Saturday, 09 November 2024 08:23 Read more...
  • Quelques commentaires critiques concernant : «L’Île des Naufragés» – Autrement connue sous le nom de «L'Île du Salut »
    C’est en effet grâce aux efforts des Pèlerins que j’ai pris conscience pour la première fois du Crédit Social Douglas au début des années 2000 et « The Money Myth Exploded » a été l’un des premiers documents que j’ai lu. Pour leur zèle et leur dévouement, je leur serai éternellement reconnaissant, mais mes études plus approfondies de la doctrine du Crédit Social accomplies dans l'intervalle m'ont maintenant obligé à fournir les mises en garde suivantes. Quels que soient ses mérites, et ils sont nombreux, une lecture trop littérale ou hors contexte de « L’Île des Naufragés » peut conduire le lecteur à des conclusions erronées et sérieusement trompeuses. Il est donc nécessaire de les expliquer de manière assez détaillée afin que de tels écarts puissent être scrupuleusement évités.
    Written on Saturday, 19 October 2024 14:59 Read more...