Ten billion dollar student loans. Pay ya bills you lazy Gen Yers.

**marty** · 9th April 2008, 20:34

I am doing a c-cat flight instructor course at the moment. The others doing the course are on a student loan, but have full time jobs also (they're on LWOP at the moment). On their return they will be paying about $100/week off their loan. If the govt was serious about paing off student debt, it would match the payees payment (taken as 10% of gross after the $18k threshold is removed) with a payment out of the payee's tax take - effectively paying the loan off twice as fast. the payee would not see the matched amount, still pay as much 'tax', but the cost of the loan would be significantly less - on that note, where has the $$ come from in the first place? govt coffers? or has it loaned the money from China?

**sAsLEX** · 9th April 2008, 20:35

Think my BE was 5+ k a year....... not really sure as I didn't pay!

Originally Posted by Nade

bbwwahahhah I had a student loan.....for an engineering BMETS course. Got me a job etc. Then I joined the RNZAF, worked solidly and the loan got paid off. Worked for me.

Do it the other way around and the education is free!

**Coyote** · 9th April 2008, 20:37

Originally Posted by Usarka

Ah, so - Gen Y blame everyone else for everything because it is actually everyone elses fault!

It can't be easy starting your working life up to your scrot in debt....

Haha, got a point actually. But, a dickhead tagging a building, his fault for the tagging. Being a dickhead that tags things, misguided by idiotic parents that would rather be their best friend than a disciplinarian, their fault.

Not my fault I have to have debt when I start my working life. Your world innit? Haven't inherited it officially yet.

**sAsLEX** · 9th April 2008, 20:41

Originally Posted by Coyote

Not my fault I have to have debt when I start my working life.

Yes it is. There is many ways to get around going into debt.

HTFU

**Coyote** · 9th April 2008, 20:41

Originally Posted by Steam

National now support the interest-free student loan system. Although whether they'd keep that policy after their election is a different matter.

I believe the rich will get tax cuts and multiple property owners will rest easy, but I really don't believe they'll stick to the interest free loans deal. Or at least they'll add more red tape to put people off.

**Steam** · 9th April 2008, 20:43

Originally Posted by marty

...If the govt was serious about paying off student debt....

The govt sees the huge loans as an investment. It'll show returns some day, when the ex-students have to pay an extra 10% tax in compulsory payments.

Originally Posted by marty

...on that note, where has the $$ come from in the first place? govt coffers? or has it loaned the money from China?

Governments borrow money from giant, vast international banks. Like the IMF.

**Coyote** · 9th April 2008, 20:48

Originally Posted by sAsLEX

Yes it is. There is many ways to get around going into debt.

HTFU

Apprenticeship would've been good, but I didn't want to try learn the subject with some prick of a boss looming over me.

People that really deserve the right to say 'harden the fuck up' would not be using a silly abbreviation or actually giving a damn in the first place.

**Oscar** · 9th April 2008, 20:50

Originally Posted by Coyote

Another thing, 'Generation Y' was created by you guys. Kids are idiots because you don't teach them correctly and don't punish them properly. You blame all the bad stuff on us and claim everything good as your own doing. In the words of my generation: fuck that shit!

Shut up and go clean up your room.

**homer** · 9th April 2008, 20:54

Originally Posted by Coyote

Currently got a $5000 loan for my Auto Refinishing course. I plan to pay it off as quickly as possible before National get rid of the no interest deal.

I'm not lazy, I've gone off to do a trade. Unlike a lot of people I know that have gone to uni for the sake of going to uni and are doing some bullshit course that won't land them a job. Worst of all, when I say to anyone I'm doing this course, they all think I'm a Neanderthal that isn't smart enough to go to uni

People are idiots.

totally agree with you there m8
good idea you got

**Coyote** · 9th April 2008, 20:58

Originally Posted by Oscar

Shut up and go clean up your room.

I really was expecting more people saying "yes I agree that these kids should be punished properly, rather than let them be arseholes because their parents think they're too precious to be told what to do. Well done for pointing that out".

As I said, people are idiots.

**Oscar** · 9th April 2008, 21:01

Originally Posted by Coyote

I really was expecting more people saying "yes I agree that these kids should be punished properly, rather than let them be arseholes because their parents think they're too precious to be told what to do. Well done for pointing that out".

As I said, people are idiots.

...and for God's Sake put that dirty washing in the hamper!

**Coyote** · 9th April 2008, 21:03

Originally Posted by Oscar

...and for God's Sake put that dirty washing in the hamper!

Don't think you understood me. Got your reading glasses on?

**Oscar** · 9th April 2008, 21:03

Originally Posted by Coyote

Don't think you understood me. Got your reading glasses on?

When was the last time you changed those sheets?

**Ixion** · 9th April 2008, 21:05

Originally Posted by Ragingrob

Just curious, did you have to pay $400 per paper when you were at uni?

In terms of the relative value of money, yes, probably. Different system, but i t still cost. If y' didn't have wealthy parents (most did) y' worked y arse off for bugger all all through the holidays to pay next eyars fees.

Originally Posted by tri boy

Oh hell yeah. I can't wait for my "old codger" years. All these dopey Gen Y muppets with huge student loans, and NO jobs to help pay them off.

Why on earth would anyone repay a student loan unless forced to? F' gawds sake, it's INTEREST FREE. Noone with an ounce of sanity is going to want to repay an interest free loan!

I'm seriously thinking of trying to take some course or other just to access an interest free credit line.