Author Topic: Blog post: The cost of NOT providing free education  (Read 3536 times)

Patrick

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Blog post: The cost of NOT providing free education
« on: November 02, 2015, 04:48:36 pm »
http://investorchallenge.co.za/the-cost-of-not-providing-free-education/

Mr_Dividend

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Re: Blog post: The cost of NOT providing free education
« Reply #1 on: November 03, 2015, 09:37:44 am »
Personally, although I do not think it should be free, money should not be an issue if you would like (and have the aptitude) to study further. I think the loan/amount should be "attached" to you ID number - and a small payment of the loan should be made once you start working - maybe linking it to National Insurance? But it should be low interest and paid back over 20 or so years - maybe a similar deal to a mortgage. I think many Scandinavian countries work like this. But in my opinion, if it was free we would have to many students not taking it seriously - I do not see what the problem is with student loans - but needs government backing AND an easy, automated, foolproof way of getting the loans paid back.

I also do not like the way a black and a white kid can go to the same school, yet have different requirements to get into a course. I do fully understand why there should be different entrance requirements for different schools/areas though and it should be based on this, not color, IMO.

But nice article - esp the laying out of the figures.
« Last Edit: November 03, 2015, 09:40:46 am by Mr_Dividend »

Moneypenny

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Re: Blog post: The cost of NOT providing free education
« Reply #2 on: November 05, 2015, 09:30:55 am »
What really annoys me is that Patrick can figure this out just for interest sake whilst doing a full time job.  Now what are the odds that our presidential advisers did the same or any calculations for that matter?   

Moneypenny

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Re: Blog post: The cost of NOT providing free education
« Reply #3 on: November 05, 2015, 09:33:33 am »
Good article Patrick :), sorry got lost in negativity for a moment.