Student loan a rip-off

LETTER

Beware before you sign up for a student loan.

1. There’s no guarantee of a job at the end of your course.

2. In some cases you’ll be in debt to the government (Inland Revenue Department) till the day you die.

3. You could suffer undue stress and worry, and the burden of a debt hanging over your head for a long time.

4. In some cases incompetent tutors are paid by the student loan money you take out. They get paid heaps whether you pass or fail.

In my opinion, student loans should be abolished and tertiary education should be free like it is in primary schools and secondary schools.

W. Borrie

PS: I invite others to come forward with their stories and opinions.

Beware before you sign up for a student loan.

1. There’s no guarantee of a job at the end of your course.

2. In some cases you’ll be in debt to the government (Inland Revenue Department) till the day you die.

3. You could suffer undue stress and worry, and the burden of a debt hanging over your head for a long time.

4. In some cases incompetent tutors are paid by the student loan money you take out. They get paid heaps whether you pass or fail.

In my opinion, student loans should be abolished and tertiary education should be free like it is in primary schools and secondary schools.

W. Borrie

PS: I invite others to come forward with their stories and opinions.

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John Fricker - 8 months ago
It doesn't take a university education to come up with these realities.
Anyone can go to uni these days, they don't have to be clever. The whole point of further education for the masses is to make unemployment rates look better.
Giving an education away only means that the taxpayer will be saddled with the debts of ordinary students with big egos and insufficient brain power. The world doesn't need any more left-wing, progressive academics.
What's wrong with learning a trade? No debt, instant income and a well-paid job for life. Bit hard and dirty, I suppose, and no standing around the coffee machine pontificating.
The real answer is fewer, cleverer students and a return to apprenticeships and on-the-job training for the masses.

w gerrard - 8 months ago
Agree with all of your points W. Borrie. I will be happy to support a petition to abolish student loans. Apprenticeships should be brought back.

Peter Jones - 8 months ago
Not often that I agree with Fricker LOL.

Norbet Murphy, Wellington - 8 months ago
1. There are no guarantees in life for anything. Having a degree is a great way to have a sound fundamental for a lot of jobs that are not in the trades.
2. The average debt is paid back in 3-4 years; if you didn't make any contributions, had a lot of penalties and interest it would take much longer.
3. Any debt may create stress and worry.
4. Completely false.
The majority of the costs of tertiary education are paid for from taxes; fees make up the difference in costs. Tertiary education has never been without some sort of cost. To fund a completely-free education system would require a significant increase in revenue for the government, or a significant decrease in expenditure elsewhere.

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