A living allowance for all students? This looks like a possible policy for Labour in the upcoming election. Some 500,000 students around NZ will be stoked to hear of this news - a policy that will cost over 2billion over the next 4 years, but stop students from being the 'only group of society who has to borrow to live.'
The radio stations and newspapers have gone crazy debating this - as what appears to be a massive battle of ideals.
One thing that can't be forgotten is the generational cost in all this. Some ex-students will be paying off their own student debt whilst their tax dollar goes to funding others. Yet - on the other hand - the baby boomers generation had a free education and was well supported and did not have the hurdle of debt to overcome before they kickstarted their careers.
Thoughts??
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