Oli wrote:It's not the Government asking.

STOP TRYING TO SCORE POLITICAL POINTS!

What would happen if they scrapped the scheme and it became entirely user pays? A large unemployment spike?

I tried to ask one of my economically minded colleagues whether the student loan system has affected society in anyway, IE taking on a reasonable sized debt and subsequent 10% addition in your tax rate and the effect on perceptions on debt. Perhaps a delay in home ownership or having kids?

He shrugged and told me to do some work.

Oh it's Professor Sir ... D.Phil

Still a stupid idea.

Could someone clarify some points for me?

isn't the scheme just begging the 35,000 people who aren't paying their proper repayments to actually pay?

What is the cost of a university degree these days? How much is covered by the student loan? Who pays the rest?

Has anyone besides students been asked to make charitable contributions to the rebuilding of Christchurch?

Yes, specifically people living overseas

about 5-7K per year in fees (covered by loan) +6k living costs per year (onto loan also, 150 a week unless your parents earn less than 65k? combined or they fudge the numbers, then you get ~180 a week as not a loan)

dont know

mudguard wrote:I tried to ask one of my economically minded colleagues whether the student loan system has affected society in anyway, IE taking on a reasonable sized debt and subsequent 10% addition in your tax rate and the effect on perceptions on debt. Perhaps a delay in home ownership or having kids?

Perhaps they go overseas to earn some extra money. Maybe they come back. Maybe they demand extra money from their NZ employers. Maybe they think they've paid their debt to society in cash and don't owe NZ anything?

Wobbler wrote:Yes, specifically people living overseas

about 5-7K per year in fees (covered by loan) +6k living costs per year (onto loan also, 150 a week unless your parents earn less than 65k? combined or they fudge the numbers, then you get ~180 a week as not a loan)

dont know

The 'fee's' that students pay are about 30% of the cost to the institution - most is payed by tax payer (about 70%). Students are only paying a small portion of the cost of their education - well, a lot smaller than 100%

And are you suggesting that you have not seen advertisements everywhere you look to donate to chch?

Everyone who can should donate.

thorg wrote:

Wobbler wrote:Yes, specifically people living overseas

about 5-7K per year in fees (covered by loan) +6k living costs per year (onto loan also, 150 a week unless your parents earn less than 65k? combined or they fudge the numbers, then you get ~180 a week as not a loan)

dont know

The 'fee's' that students pay are about 30% of the cost to the institution - most is payed by tax payer (about 70%). Students are only paying a small portion of the cost of their education - well, a lot smaller than 100%

And are you suggesting that you have not seen advertisements everywhere you look to donate to chch?

Everyone who can should donate.

I was not sure on the exact cost of normal courses and how much was subsidies hence I did not comment. I was aware that foreign students paid substantially more (4X for my courses) but did not know if it was all the normal cost that was subsidies or if some component was an extra charge.

Of course I have seen other advertisments calling for donations you will note that none of those target specific groups

Wobbler wrote:

thorg wrote:

Wobbler wrote:Yes, specifically people living overseas

about 5-7K per year in fees (covered by loan) +6k living costs per year (onto loan also, 150 a week unless your parents earn less than 65k? combined or they fudge the numbers, then you get ~180 a week as not a loan)

dont know

The 'fee's' that students pay are about 30% of the cost to the institution - most is payed by tax payer (about 70%). Students are only paying a small portion of the cost of their education - well, a lot smaller than 100%

And are you suggesting that you have not seen advertisements everywhere you look to donate to chch?

Everyone who can should donate.

I was not sure on the exact cost of normal courses and how much was subsidies hence I did not comment. I was aware that foreign students paid substantially more (4X for my courses) but did not know if it was all the normal cost that was subsidies or if some component was an extra charge.

Of course I have seen other advertisments calling for donations you will note that none of those target specific groups

Quite - though in answering the question you fail to mention that, so i clarified. The percentages change with each degree etc, as gubbermints play with what is a 'valued' degree and what isn't. I remember that 'international' students pay much closer to the cost of the education, so your clarification of this with regards to your particular circumstances indicate the amount to which you are subsidised against what you have to pay/borrow. So the 30% is only really an average, not a prescribed amount as such. Thought I better make that clrear in case my trying to illuminte things increased confusion And - of course - is over simplified to the point of being virtually useless.

I have noticed (and been approached by email etc) by numerous groups targetting me for donations (unions, club mailing lists, shops that send spam advertising etc) - as well as the general spamming of everywhere to donate. I assumed that this was wide spread and that therefore you would have also been spammed in the same manner (spammed/targetted - it's a fine line sometimes). My sincere apologise for this - I did not mean to any offence if I have caused any.

no wait, I forgot this is vorb I retract that answer and replace with this:

what the fuck do you mean you orrible little filth! taking my tax dollers and spending them on your education and then expecting me to be civil ? Well fuck you! You damn well be getting a degree in something usefull.

fucken hippies

I've just had a gutsfull of all this pc rubbish! we need to cut the red tape

I have heard the completely unsubstantiated report that since the original earthquake in chch a large number of insurance policies were taken out. And apparently just in time for the February quake. According to this rumour the payout from overseas backed insurers is around the 30b mark.
Now even if a quarter of this is true, that is 7 1/2 billion dollars that no one (especially the government) is talking about.

Nothing like a little hearsay thrown into the mix.

Jono wrote:I fixed the poll for you...

Where's the "I had a student loan but worked like a mad man and paid it off within a few years of leaving Uni" option in the poll...

benw wrote:

Jono wrote:I fixed the poll for you...

Where's the "I had a student loan but worked like a mad man and paid it off within a few years of leaving Uni" option in the poll...

numbers were too low to be statistically significant

So if they said in the budget. Right no more student loan scheme, it's user pays, anyone starting a degree will be required to pay $25k by March the 1st.
The results?