jetpack domain was triggered too early. This is usually an indicator for some code in the plugin or theme running too early. Translations should be loaded at the init action or later. Please see Debugging in WordPress for more information. (This message was added in version 6.7.0.) in /mnt/stor08-wc1-ord1/694335/916773/www.tvhe.co.nz/web/content/wp-includes/functions.php on line 6131updraftplus domain was triggered too early. This is usually an indicator for some code in the plugin or theme running too early. Translations should be loaded at the init action or later. Please see Debugging in WordPress for more information. (This message was added in version 6.7.0.) in /mnt/stor08-wc1-ord1/694335/916773/www.tvhe.co.nz/web/content/wp-includes/functions.php on line 6131avia_framework domain was triggered too early. This is usually an indicator for some code in the plugin or theme running too early. Translations should be loaded at the init action or later. Please see Debugging in WordPress for more information. (This message was added in version 6.7.0.) in /mnt/stor08-wc1-ord1/694335/916773/www.tvhe.co.nz/web/content/wp-includes/functions.php on line 6131“I find THIS write-up strange”
That is pretty standard for anything I write though – usually I find them strange when I come back to them as well 😉
“The way to change this is to make student loans on a commercial basis – i.e. charging interest, a set repayment schedule, and a black mark on your credit record if you default – but even then I think we’ve missed the boat on those who are already overseas.”
The thing is I agree with you 100%. However, I think this is sort of the point – I found it strange that we were trying to guilt them, instead of trying to see what the problem was and then come up with a solution that is consistent with that explanation.
]]>“I’m not sure what you mean by this. If we increased the interest rate on student loans it wouldn’t be a win-win either. (ex-)Students would be worse off. Or are you simply stating that there is no win-win situation here?”
Yar, there is no win-win. I was just suggesting a way we could look at the trade-offs, and then suggesting a policy choice. We could leave interest rates unchanged if we want, but in that case it suggests that their isn’t any issue here – so it is weird to have a newspaper article on it.
I agree I have no problem with the talking, I wasn’t very comfortable about it being suggested as a “win-win” though – it just didn’t make any sense.
“Well they have received a large subsidy from New Zealand taxpayers”
A subsidy society was willing to provide for some reason. Don’t ask me why.
“They’re not traitors, but I think it’s fair to say they owe NZ taxpayers something.”
Such as a loan at 6-7% interest 😉
]]>I’m not sure what you mean by this. If we increased the interest rate on student loans it wouldn’t be a win-win either. (ex-)Students would be worse off. Or are you simply stating that there is no win-win situation here?
I don’t see anything wrong with appealing to the moral side of people. When the first best economic solution is not available, (for political reasons or whatever) using guilt and ethics can be a good way of preventing free-riding and other harmful activities. And the two solutions aren’t mutually exclusive. You can appeal to the moral and self-interested side of a person at the same time. However, saying that it would be in the interest of the student to pay back their loan early is misleading.
“Yes, they’re traitors. See Russell Coutts as evidence of this widely held opinion.”
Well they have received a large subsidy from New Zealand taxpayers (via the government), and because they’re overseas the spillover benefits from their education are not received by New Zealanders. They’re not traitors, but I think it’s fair to say they owe NZ taxpayers something.
]]>Yes, they’re traitors. See Russell Coutts as evidence of this widely held opinion.
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