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Hi Wallace
John's family aren't the only ones. I have a son and a niece trained in
geology/georaphy who have been forced to go overseas to get employment in their
respective disciplines. MY son now works for the Queemnsland government in
Australia, after gaining his goegraphy/geology degree at Auckland university. I
have little hope tat he will return to NZ without substancial incentives. My
niece is a very highly qualified geologist[MSc] of the type we really need in NZ
to study our earthquake liability, but she had to go to Australia too in order
to get a job that used her qualifications. She married a Tasmanian, has started
a family, and is hence very unlikely to return to NZ. John's comments are very
relevant to the "Brain drain" created by the idiotic provisions of our student
loan system.
Bill McG
----- Original Message -----
Sent: Wednesday, May 27, 2009 8:45
AM
Subject: RE: [socialcredit] Student Debt
in Canada
Wally, if you dig further into the situation, you should find
that part of the "Soundness" is attributed to the "assets" that the student
loans represent. I doubt if NZ has that stupidity on its own.
One other
factor here is that so many of our brighter people stay overseas to avoid
repayments.
From here, they either take (took?) advantage of the abundant
opportunities in Britain and Europe for keen young S. Hemisphere people with
strong work ethic, plus the great exchange rate, to pay off their loans in
quick time, or they stay there permanently and we lose them. This family has
one of each!
Regards.
John R.
From: wmklinck@shaw.ca
To: socialcredit@elistas.com
Date: Mon, 25 May
2009 22:48:44 -0600
Subject: [socialcredit] Student Debt in
Canada
For the interest of members of this list, I just came upon some
statistics for Student Debt in Canada: $13 billion loans from the
federal government and increasing at about $1 million per day. Doesn't
include $5 billion owed to provincial governments for student loans or
any personal debts incurred by students through use of credit cards or credit
lines. This year nearly 360,000 students took out loans from the feds
and the Canadian Federation of Students claims that the amount of student debt
is so enormous that it depresses spending and will impair Canada's recovery
from the "recession." (wonder where they think these loans originate and what
the students do with these monies!) The Canadian Association of
University Teachers worries that burdening students with all these billions of
debt will have far-reaching negative effects on the Canadian economy and
socio-economic inequality. It cost me during the 1960s and 70s about
$400 per year for university tuition and books! Now these item cost
students tens of thousands of dollars and they emerge with their degrees
saddled with debts often in the $20-$90,000 range. But Mr. Flaherty, our
Federal Finance Minister says that Canada has a "sound financial system"!
Understandable I suppose inasmuch as he is reported to be a Governor of the
World Bank and International Monetary Fund. He graduated from Princeton
cum laude and from Osgoode Hall and practiced law for about twenty
years before entering politics.
Wally ---------------------------------------------------------------------
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Find your recession tips at MSN NZ Money Pinching the hip-pocket nerve?
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