Eleven Billion

[Nasty]

Thats funny .. it stopped being free when I was the right age ... and I choose not to go but to work .. have used the loans system twice now for study and paid it back without an issue ... why can't others?

Thinking about it .. when I would have gone through you needed actual qualifications to get in to varsity ... don't need much now.

[Squiggles]

Thats funny .. it stopped being free when I was the right age ... and I choose not to go but to work .. have used the loans system twice now for study and paid it back without an issue ... why can't others?

They are...

Better investment than bailing out finance companies... imo

[FJRider]

... why can't others?

Because they can ... or should that be ... wont ...

[Elysium]

The oustanding student loan (Loan= not a gift) is eleven billion dollars.
It was never a gift, how about you get off your educated arses and pay back what is not yours to keep. The NZ economy could well do with the money the Government 'loaned' you.
If I were to ever take out a loan for whatever reason, I would have to pay it back as per the contract that was signed at the time.

........... Oh wait, you're serious?

[Mom]

Would have been nice to go to Uni when it was free...

Wouldn't it? There were riders on some degrees. Teachers were bonded, I had to work while earning my qualification. Try working full time shift work, while studying, non stop for 3 years.

Things were different back in the day, we played by the rules at the time. There are thousands of ex students, working overseas that owe $$$$ they should repay.

I dont agree with the student loan system as it has been allowed to progress. But if you (not you understand ) took money to assist you through your studies, by way of loan, it needs to be paid back

[FJRider]

........... Oh wait, you're serious?

Which would you prefer .... full repayment of student loans ...

or ...

an increase in TAX rates ... to cover the short-fall ...

[wtf?]

The whole thing has also created supply for things that there isnt much demand. Just ask all those graduates out there flippin burgers at Maccas with shiny new commercial pilots licences in their back pockets. Far more graduates than jobs thats for sure.

[FJRider]

The whole thing has also created supply for things that there isnt much demand. Just ask all those graduates out there flippin burgers at Maccas with shiny new commercial pilots licences in their back pockets. Far more graduates than jobs thats for sure.

Commercial pilots WITH experience are ...

Shiny new Degree's with no actual job relevance seems normal nowdays ...

But ... the modern student lifestyle is not to be missed ... eh ...

[wtf?]

Commercial pilots WITH experience are ...

Not much demand for those either, chopper.

[bogan]

Thinking about it .. when I would have gone through you needed actual qualifications to get in to varsity ... don't need much now.

Exactly, too many go because it's fun times on the governments bill. Performance based sliding scale interest rates / loan denial if you're really shit could be the way to go.

[Fatt Max]

I stripped for a couple of years.

Did'nt make any money but got all my loans for free. Its amazing what a bank manager will do when you show them pictures of you sitting on their face

[FJRider]

Not much demand for those either, chopper.

Not in New Zealand ... perhaps they could get work overseas ...

[Maha]

Which would you prefer .... full repayment of student loans ...

or ...

an increase in TAX rates ... to cover the short-fall ...

What gets me is, so far 85,000 of said loan takers have bugged out and are now residing in a land far away. The government are now looking at a time limit to repay or they will put the recovery of the money into the hands over seas debt collectors.

[MaxCannon]

When I studied full time I also worked 15 - 30 hours a week (depending on what I could get) and over the holidays was working 40+ hours.
Somedays I'd work till 11pm at the Airport, drive back to the shore and then be up at 6am to get into the city for an 8am start.

Paying my way was tough but I came out without any debt.

I don't bedruge those that borrowed for their courses and paid it back (or are paying it back).

I do begrudge those that drew maximum loans, buggered about wasting money and then buggered off without paying it back.
Unfortunately I know a few of these people they literally pissed away the money.

Shouldn't be hard at all (given the sum involved) to setup a co-operative payback scheme with the Australian Tax Office and the UK.
Give em a couple of percent for collecting it for us and wham you've got probably over 60% of student that have moved overseas paying back their loans.

[FJRider]

Expect an outcry from said "overseas students" ... when ... upon their return to attend a funeral or some family/important event ... they get stopped at the airport untill the account is settled ... or at least not allowed to LEAVE the country ...

Student loans will be treated in the same manner as unpaid court fines ...

NOT far away ...