Wednesday, 2 March 2016


3 March 2016

Student loan debt has just hit $15 billion and is likely to increase further. Despite various efforts by successive government over the years to curb debt levels, and significant progress along the way in tracking down recalcitrant borrowers notwithstanding, the debt monster rampages on.

The problem is what to do about it. There have been over the years various calls for some sort of amnesty. While that might help clear the debt decks for a while, it would send the most perverse signal to the vast majority of borrowers who pay off their debt within 5 to 6 years of graduation. Those who lay the blame for the burgeoning debt squarely at the feet of interest free student loans may have a point, but have no sense of political reality if they seriously think there is any prospect of reintroducing an interest component on a student loan. In any case, at least in the short term, such a move would be likely to increase rather than reduce debt levels.

The only way to tackle the student debt problem seriously is to tackle the more fundamental problem of the cost of tertiary education and where that falls. Labour’s recent announcement of moving to free tertiary education for a first qualification is a  potential first step in the right direction, but the policy details released so far are too cumbersome and protracted to offer much confidence that the policy will work. But they at least have recognised the right end of the problem tio start resolving.

At the last three elections UnitedFuture has promoted the idea of a fees/allowances swap. This involves abolishing tertiary fees for students and funding the switch through doing away altogether with student allowances, for which not all students qualify anyway, and a modest top-up from the government. UnitedFuture would maintain a loans scheme, but only for living costs, meaning that the current bugbear of costly courses would also be done away with. All students with a loan would carry the same level of debt on an annual basis, probably no more than about $6,000 a year, regardless of the courses they were undertaking.

Parents like the idea; students looking forward to the student allowance as their first real bit of steady independent income do not; and tertiary institutions are wary of another feature implicit in the policy – a subtle control of their costs – a good reason in itself for the policy.

Whatever the outcome of the current debate, it is the time for bold ideas. Strong steps in the compliance area which have made their mark in recent years, and have generally been supported, are sadly not going to be enough to slay the debt monster. And writing off debt just punishes the diligent who complied with and honoured their responsibilities. It is time for all parties to engage in a first principles debate about the future funding of tertiary education.        

16 comments:

  1. HOW I GOT MY LOAN FROM DR PURVA PIUS LOAN FINANCE (urgentloan22@gmail.com)

    Hello Everybody,
    My name is Mrs Sharon Sim. I live in Singapore and i am a happy woman today? and i told my self that any lender that rescue my family from our poor situation, i will refer any person that is looking for loan to him, he gave me happiness to me and my family, i was in need of a loan of S$250,000.00 to start my life all over as i am a single mother with 3 kids I met this honest and GOD fearing man loan lender that help me with a loan of S$250,000.00 SG. Dollar, he is a GOD fearing man, if you are in need of loan and you will pay back the loan please contact him tell him that is Mrs Sharon, that refer you to him. contact Dr Purva Pius,via email:(urgentloan22@gmail.com) Thank you.

    BORROWERS APPLICATION DETAILS


    1. Name Of Applicant in Full:……..
    2. Telephone Numbers:……….
    3. Address and Location:…….
    4. Amount in request………..
    5. Repayment Period:………..
    6. Purpose Of Loan………….
    7. country…………………
    8. phone…………………..
    9. occupation………………
    10.age/sex…………………
    11.Monthly Income…………..
    12.Email……………..

    Regards.
    Managements
    Email Kindly Contact: urgentloan22@gmail.com

    ReplyDelete
  2. do you need a genuine loan for business purposes or to pay your debt contact Mr Kellie Wilson now for genuine loans via email: Oceanicfinance113@gmail.com

    ReplyDelete
  3. This comment has been removed by the author.

    ReplyDelete
  4. To hack any website, email, mobile phone (call, text message, Whatsapp, bbm), social network (fbk, twitter, Instagram) change your grades, find your target password
    (friends, wife, husband, boss, girl, boy friends) to know if they are cheating or not...Contact jack, Email ; ( dhackerjack@gmail.com ) .Whatsapp me :: +60167569133

    ReplyDelete

  5. We offer fresh cut bank instrument for lease, such as BG, SBLC,Lease and Purchase Instruments can be obtained at minimal expense to the borrower compared to other banking options. This offer is opened to both individuals and corporate bodies.

    DESCRIPTION OF INSTRUMENTS

    1. Instrument: Funds backed Bank Guarantee(BG) ICC-600
    2. Currency : USD/EURO
    3. Age of Issue: Fresh Cut
    4. Term: One year and One day
    5. Contract Amount: United State Dollars/Euros (Buyers Face Value)
    6. Price : Buy:32%+1, Lease: 4%+2
    7. Subsequent tranches: To be mutually agreed between both parties
    8. Issuing Bank: Top RATED world banks like HSBC, Barclays, ING Dutch Bank, Llyods e.t.c
    9. Delivery Term: Pre advise MT199 or MT799 first. Followed By SWIFT MT760
    10. Payment Term: MT799 & Settlement via MT103
    11. Hard Copy: By Bank Bonded Courier


    Interested Agents,Brokers, Investors and Individual proposing international project funding should contact us for directives.We will be glad to share our working procedures with you upon request

    Name:Ardan Clooney
    Email:brandfinance33@gmail.com

    ReplyDelete
  6. We are a Finance Industry Company professionals with over 15 Years Experience and a focus on providing Bank Guarantee and Standby Letter of Credit from some of the World Top 25 Prime Banks primarily from Barclays, Deutsche Bank, HSBC,Credit Suisse e.t.c.

    FEATURES:
    Amounts from $1 million to 5 Billion+
    Euro’s or US Dollars
    Great Attorney Trust Account Protection
    Delivered via MT760, MT799 and MT103 Swift with Full Bank Responsibility
    Brokers Always Protected

    Purchase Instrument of BG/SBLC : 32%+2% Min Face Value cut = EUR/USD 1M-5B
    Lease Instrument of BG/SBLC : 4%+2% Min Face Value cut = EUR/USD 1M-5B

    Interested Agents/Brokers, Investors and Individual proposing international project funding should contact us for directives.We will be glad to share our working procedures with you upon request.


    We Facilitate Bank instruments SBLC for Lease and Purchase. Whether you are a new startup, medium or large establishment that needs a financial solution to fund/get your project off the ground or business looking for extra capital to expand your operation,our company renders credible and trusted bank guarantee provider who are willing to fund and give financing solutions that suits your specific business needs.

    We help you secure and issue sblc and bank guarantee for your trade, projects and investment from top AA rated world Banks like HSBC, Barclays, Dutch Ing Bank, Llyods e.t.c because that’s the best and safest strategy for our clients.e.t.c

    DESCRIPTION OF INSTRUMENTS

    1. Instrument: Funds backed Bank Guarantee(BG) ICC-600
    2. Currency : USD/EURO
    3. Age of Issue: Fresh Cut
    4. Term: One year and One day
    5. Contract Amount: United State Dollars/Euros (Buyers Face Value)
    6. Price : Buy:32%+1, Lease: 4%+2
    7. Subsequent tranches: To be mutually agreed between both parties
    8. Issuing Bank: Top RATED world banks like HSBC, Barclays, ING Dutch Bank, Llyods e.t.c
    9. Delivery Term: Pre advise MT199 or MT799 first. Followed By SWIFT MT760
    10. Payment Term: MT799 & Settlement via MT103
    11. Hard Copy: By Bank Bonded Courier


    Interested Agents,Brokers, Investors and Individual proposing international project funding should contact us for directives.We will be glad to share our working procedures with you upon request.



    Name:Richardson McAnthony
    Contact Mail : intertekfinance@gmail.com

    ReplyDelete
  7. If you need to hack into any database, delete record, improve credit score, spy on whatsapp, text, phone, emails, as long as it's hack contact jack @v ia Email :: dhackerj7@gmail.com //. Whats-App ::+60167569133 he is great, you won't be disappointed, cheap and fast, he saved my relationship Tell him Loya

    ReplyDelete
  8. GREEN FINANCE LOAN CENTER
    HEAD OFFICE--25 Osborn Street, London England
    EMAIL ADDRESS -- {greenfinancecenter@gmail.com}
    ------------------------------------------------

    Welcome to HEARTLAND LOAN FIRM,
    We give out loans from the range of $9,000 to $900,000,000
    at 2% interest rate

    we provide all kind of loans below --

    * Project Loans
    * Personal Loans
    * Debt consolidation loans
    * Car Loans
    * Business Loans
    * Education Loans
    * Mortgage Loans
    * Refinancing Loans
    * Home Loans

    Kindly apply by providing us with the details below-

    NAME ......
    COUNTRY......
    AMOUNT OF LOAN NEEDED .....
    PHONE NUMBER ......
    PURPOSE OF LOAN ....

    Email address --{greenfinancecenter@gmail.com}

    REGARDS
    CHARLENE FREDERICK
    {greenfinancecenter@gmail.com}
    www.greenfinanceservices.webs.com
    GREEN FINANCE LOAN CENTER

    ReplyDelete
  9. GREEN FINANCE LOAN CENTER
    HEAD OFFICE--25 Osborn Street, London England
    EMAIL ADDRESS -- {greenfinancecenter@gmail.com}
    ------------------------------------------------

    Welcome to HEARTLAND LOAN FIRM,
    We give out loans from the range of $9,000 to $900,000,000
    at 2% interest rate

    we provide all kind of loans below --

    * Project Loans
    * Personal Loans
    * Debt consolidation loans
    * Car Loans
    * Business Loans
    * Education Loans
    * Mortgage Loans
    * Refinancing Loans
    * Home Loans

    Kindly apply by providing us with the details below-

    NAME ......
    COUNTRY......
    AMOUNT OF LOAN NEEDED .....
    PHONE NUMBER ......
    PURPOSE OF LOAN ....

    Email address --{greenfinancecenter@gmail.com}

    REGARDS
    CHARLENE FREDERICK
    {greenfinancecenter@gmail.com}
    www.greenfinanceservices.webs.com
    GREEN FINANCE LOAN CENTER

    ReplyDelete
  10. Hello Everybody,
    My name is Mrs Sharon Sim. I live in Singapore and i am a happy woman today? and i told my self that any lender that rescue my family from our poor situation, i will refer any person that is looking for loan to him, he gave me happiness to me and my family, i was in need of a loan of S$250,000.00 to start my life all over as i am a single mother with 3 kids I met this honest and GOD fearing man loan lender that help me with a loan of S$250,000.00 SG. Dollar, he is a GOD fearing man, if you are in need of loan and you will pay back the loan please contact him tell him that is Mrs Sharon, that refer you to him. contact Dr Purva Pius,via email:{urgentloan22@gmail.com} Thank you.

    ReplyDelete
  11. Are you in need of a loan? Do you want to pay off your bills? Do you want to be financially stable? All you have to do is to contact us for more information on how to get started and get the loan you desire. This offer is open to all that will be able to repay back in due time. Note-that repayment time frame is negotiable and at interest rate of 3% just email us (urgentloan22@gmail.com)

    ReplyDelete
  12. Hello Everybody,
    My name is Mrs Sharon Sim. I live in Singapore and i am a happy woman today? and i told my self that any lender that rescue my family from our poor situation, i will refer any person that is looking for loan to him, he gave me happiness to me and my family, i was in need of a loan of S$250,000.00 to start my life all over as i am a single mother with 3 kids I met this honest and GOD fearing man loan lender that help me with a loan of S$250,000.00 SG. Dollar, he is a GOD fearing man, if you are in need of loan and you will pay back the loan please contact him tell him that is Mrs Sharon, that refer you to him. contact Dr Purva Pius,via email:{urgentloan22@gmail.com} Thank you.

    ReplyDelete
  13. We are Ireland based major/Direct providers of Fresh Cut BG, SBLC, POF, MTN, Bonds and CDs and this financial instruments are specifically for lease and sale.We are one of the leading Financial instrument providers with offices all over Europe.
    we always deliver on time and precision as Set forth in the agreement. You are at liberty to engage our leased facilities into trade programs, project financing, Credit line enhancement, Corporate Loans (Business Start-up Loans or Business Expansion Loans), Equipment Procurement Loans (Industrial Equipment, Air crafts, Ships, etc.) as well as other financial instruments issued from AAA Rated bank such as HSBC Bank Hong Kong, HSBC Bank London, Deutsche Bank AG Frankfurt, Barclays Bank , Standard Chartered Bank and others on lease at the lowest available rates depending on the face value of the instrument needed, Our Terms and Conditions are reasonable.
    DESCRIPTION OF INSTRUMENTS:
    1. Instrument: Bank Guarantee (BG)/SBLC (Appendix A)
    2. Total Face Value: 10M MIN to 50B MAX USD or Euro
    3. Issuing Bank: HSBC, Deutsche Bank Frankfurt, UBS or any Top 25 .
    4. Age: One Year, One Day
    5. Leasing Price: 4+ 2%
    6. Sale Price: 32+2%
    7. Delivery by SWIFT .
    8. Payment: MT103-23
    9. Hard Copy: Bonded Courier within 7 banking days.
    If you have need for Corporate loans, International project funding, etc. or if you have a client that requires funding for his project or business, We are also affiliated with lenders who specialize on funding against financial instruments, such as BG, SBLC, POF or MTN, we fund 100% of the face value of the financial instrument.
    Inquiries from agents/ brokers/ intermediaries are also welcomed; do get back to us if you are interested in any of our services and for quality service.
    Name : Cathal Mc Hugh
    E-mail : Cathalmchugh0700@gmail.com
    Skype id : Cathalmchugh0700@gmail.com

    ReplyDelete
  14. Affordable Loan With an Interest Rate 1% contact us with the Below Info

    Good Day Dear Loan Seeker,

    *Debt Consolidation Loans *Business Loans *Personal Loans *Home Loans *Car Finance *Commercial Loans *Investments Loans *Debts Consolidation *Business Planning *Commercial Development Finance *Properties Mortgages *Bad credit loans *commercial loans *Start-up- working capital loans *Construction loans *Car loans, *Hotel loans*Student loans

    Email : bdsfn.com@gmail.com
    Emaill: anatiliatextileltd@gmail.com
    Emaill: hititseramik.com.tr@consultant.com
    Mrs.Emilia Fedorcakova

    If you are interested contact us via: bdsfn.com@gmail.com and fill out the below loan application form.

    Loan application form:
    Full Name:....................
    Country:.....................
    State:..............
    City:..............
    Sex:.........................
    Phone Number:...........
    Loan Amount :...........
    Monthly income:..........
    Occupation:................... ....
    Loan Period:....................... ................
    Purpose of Loan:......................... ...........
    E-mail address:...................... ................
    Have You Applied Before?....................

    We awaits your urgent application form to be filled ok. Email Us: (bdsfn.com@gmail.com)

    Email : bdsfn.com@gmail.com
    Emaill: anatiliatextileltd@gmail.com
    Emaill: hititseramik.com.tr@consultant.com
    Mrs.Emilia Fedorcakova

    ReplyDelete

  15. We offer fresh cut bank instrument for lease, such as BG, SBLC, MTN, Bank Bonds, Bank Draft, T strips and others. Leased Instruments can be obtained at minimal expense to the borrower compared to other banking options. This offer is opened to both individuals and corporate bodies.

    DESCRIPTION OF INSTRUMENTS

    1. Instrument: Funds backed Bank Guarantee(BG) ICC-600
    2. Currency : USD/EURO
    3. Age of Issue: Fresh Cut
    4. Term: One year and One day
    5. Contract Amount: United State Dollars/Euros (Buyers Face Value)
    6. Price : Buy:32%+1, Lease: 4%+2
    7. Subsequent tranches: To be mutually agreed between both parties
    8. Issuing Bank: Top RATED world banks like HSBC, Barclays, ING Dutch Bank, Llyods e.t.c
    9. Delivery Term: Pre advise MT199 or MT799 first. Followed By SWIFT MT760
    10. Payment Term: MT799 & Settlement via MT103
    11. Hard Copy: By Bank Bonded Courier


    Interested Agents,Brokers, Investors and Individual proposing international project funding should contact us for directives.We will be glad to share our working procedures with you upon request

    Name: Ardan Clooney
    Email:brandfinance33@gmail.com

    ReplyDelete
  16. We can help facilitate the financial service bank instrument SBLC /BG, We remain the best financial consulting company with years of experience in the international and local finance market.

    We have become the hallmark of excellent service in this industry with trusted and genuine FCA registered SBLC Providers who have truly succeeded in creating significant value for all clients and brokers involved in leasing or purchasing sblc .

    We issue from Top rated world Banks and also work with brokers and agents with 100% healthy commissions paid on every deal.

    Leasing SBLC : 4% +2%

    Purchasing SBLC : 32% +2%

    DESCRIPTION OF INSTRUMENTS:

    1. Instrument: Bank Guarantee (BG/SBLC)

    2. Total Face Value : Please inform us

    3. Issuing Bank: HSBC, Barclays London or Deutsche Bank Frankfurt or any Top 25 WEB

    4. Age: One Year, One Day

    5. Leasing / Selling SBLC / BG

    6. Delivery: SWIFT MT799/MT760.

    7. Payment: MT-103.

    8. Hard Copy: Bonded Courier within 7 banking days.

    All relevant business information will be provided upon request and we are ready to forward to you the DOA/CONTRACT of work once you inform us if you will be Leasing or Purchasing.

    Best Regards

    NAME;Fred Stones
    E MAIL;premiumfinanceserviceltd@gmail.com .skype:fredforrealasurance403

    ReplyDelete