JK2 wrote:The less I pay off the greater the debt i owe which is carried on the Crown's books. I am making the Crown richer by not paying my loan off.
j2hyde wrote:Parents would need to pay. Saving from the time a kid was born. Just like they do in the states.
But given that NZ's primary export earner is educated people (the country makes fuck all foreign income out of anything else) that would be epically retarded.
wuffy wrote:JK2 wrote:The less I pay off the greater the debt i owe which is carried on the Crown's books. I am making the Crown richer by not paying my loan off.
Excuse me sir, are you mentally handicapped?
I just paid AUD $28K after completing a 2-year Masters programme in Aussie. That scheme provides a loan until you finish the study (there are rules to prevent self-perpetuating student syndrome), then you pay your schekels - Seems fair, and worked well for me and the Gub'ment wallah.thorg wrote:...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%...
JK2 wrote:And during the early years of the scheme the interest rate was a steady 7 percent compounding - well over the cost of govt borrowing. The Crown has made a good profit out of my loan.
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