I may listen to that at home. I enjoy the program, they did a very good one on bike safety a while back as well...
I think there is an increasingly big difference between a personal loan from a commercial bank that will get very nasty if you can't meet repayments proportional to the size of your debt, and a student loan, which is more like a personalised graduate tax.
I like your description - it works in the same way as a mortgage, possibly in an even better way if they SLC is less nasty than the banks (lets see who all that structrued debt gets sold too in a couple of years time mind). However, you're asking an 18 year old to make that decision (which is ridiculous); but the main problem is that I believe that it's the duty of the government to pay for people to get higher education. If too many are going, offer alternatives (the only one being offered here is 'do one' if you can't afford it).
It may not be in your contract, but all else being equal, market forces will raise salaries in your industry in line with inflation.
I know that, I'm not sure what point I was trying to make really; probably just being argumentative..
It annoys me that lots of the people opposing these measures say 'we'd raise money with a graduate tax instead', as if that was a completely different policy instead of a very similar policy.
I may listen to that at home. I enjoy the program, they did a very good one on bike safety a while back as well...
I like your description - it works in the same way as a mortgage, possibly in an even better way if they SLC is less nasty than the banks (lets see who all that structrued debt gets sold too in a couple of years time mind). However, you're asking an 18 year old to make that decision (which is ridiculous); but the main problem is that I believe that it's the duty of the government to pay for people to get higher education. If too many are going, offer alternatives (the only one being offered here is 'do one' if you can't afford it).
I know that, I'm not sure what point I was trying to make really; probably just being argumentative..
I agree - it doesn't make sense to me either.