Student Debt is one of those things in society we all tend to take for granted. Most that go to college or university are required to in-debt themselves in order to pay for tuition and living expenses. Some countries, like Sweden, do not have tuition fees – though the majority of students are still required to take out loans to cover their living costs.
Young people in this world find themselves between a rock and a hard place. Either you take out hefty loans, make it through university, and potentially land a well-paid job afterwards. Or you come to terms with maybe having a low paid job and no debt. Both of these options are completely horrendous. To be forced into debt to make a life for yourself is a crime against human rights – and yet – this is what young people are required to do.
What should be happening is that young people growing up in this world are nurtured and receive all the support and assistance they require to make the best out of their lives. Because if we cripple an entire generation with debts, imposing unto them the choice of either debt serfdom, or unemployment, we are most certainly creating immense and global consequences in the future. Not only are we creating class warfare, we are also creating generational warfare – were those that are older and have had the opportunity to build a life for themselves without debt will be the target of resentment and blame of the younger generations.
However, one of the most fascinating points that this point with the student debt shows is how we as human beings really have a major issue when it comes to caring for other people. Because how many of us are not benefiting from student debt? Do you for example know what sort of assets your pension funds have invested in? Most certainly big parts of their investment portfolio are made up out of student debt bonds – and would you be willing to give up your pension to release students from their debt? And really – at the end of the day – this is the question we as Humanity face: Are we willing to care for another as we care for our children and ourselves? Are we willing to give up our self-interest to stand for a solution that will benefit all people, youngsters as well as old people, and are we willing to give up some of our luxury to achieve that outcome?
Debt is artificial, which means that its existence is a mental abstract creation. Debt exists in databases and registers made up out of numbers and names – to remove these numbers would be very easy. We could decide today as a society to not anymore accept and allow debt to be part of our lives. Instead of debt, we could decide to give our future generations the best possible conditions to create themselves a life of fulfillment, joy and happiness. We do hold that power – so the question we should ask ourselves is: Why are we not creating the world that we want to see?
And – Why not take it even further? Money is artificial, which means that its existence is a mental abstract creation. Money exists in databases and registers, called banks, that are made up out of numbers and names – to change these numbers would be very easy. Why then not change the numbers a little, so our youths do not have to go through their lives paying debts for which they got things that should have been theirs as part their HUMAN and UNCONDITIONAL RIGHTS. See, life, this world, our monetary system, our way of doing things, it is not set in stone – there are many solutions to the problems we face – though to see them – we have to let go of our small, confined and limited world view – our self-interest – and start seeing our reality from a greater, and more expansive perspective – and ask ourselves the daring question: What is Best For All?
I am one vote for world equality, and I am one vote for a Living Income Guaranteed – because I want what is best for youths as well as elders. I want, for all those that wish to experience higher education, to be able to do that, without incurring any debts – and I want all children to be certain that when they grow up – they will be embraced into a society that cares for and tends to them – and want what is best for them. We can create this world – and it all begins with us letting go of our self-interest and developing that real and genuine care for others.