Poor students

March 3rd, 2013 at 11:00 am by David Farrar

The HoS reports:

University Students Association president Pete Hodkinson said graduates with loans would spend less and businesses would suffer.

The changes to loan repayment rates mean someone earning $1000 a week will pay an extra $658 a year. “This, for most people, will mean things like not going out to dinner (as often),” Hodkinson said.

Oh dear, the grind of poverty. Someone on $52,000 won’t be able to go out to dinner as often.

“If 200,000 people are now not spending money in an industry like hospitality … think about the economic impacts.”

Oh Good God – save us from wannabee economists. They are repaying student loan debt. This means the Government is not borrowing so much money. Debt fueled consumption is not sustainable.

People choosing to pay back loans quickly will no longer be rewarded.

Currently, people making voluntary payments of $500 or more a tax year on top of obligatory repayments earn a 10 per cent bonus, credited to their loan account.

Auckland University Students Association president Daniel Haines said scrapping the bonus was “unfair and harmful” to students.

This is ironic. Do you know why?  When National announced this voluntary repayment bonus policy, it was attacked by NZUSA. They said:

“We question why National has created such a narrow policy that will merely reward the rich and leave everyone else to struggle”

So let’s be very clear. attacked the policy when National announced it, and now attack National for scrapping it.

This confirms my perception that most of the time NZUSA is not about actually advocating for the welfare of students, but promoting Labour and advancing the political careers of wanabee Labour MPs.

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27 Responses to “Poor students”

  1. toms (299 comments) says:

    Do you ever stop whining about some group or another? L.O.S.E.R.

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  2. Black with a Vengeance (1,865 comments) says:

    But think how much faster they’ll be able to pay of their loans with an extra 25 cents an hour tagged on to the minimum wage!!!

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  3. Viking2 (11,488 comments) says:

    So its ok with you two dipshits if ordinary wage workers earning less than these qualified ex-students, can be taxed to fund those uppity pricks they call University graduates after they (the Graduates),have qualified and got a job”
    Surley they should busting their arses to repay the loans generously allowed them by those self same lower paid taxpayers.

    That way they might even be able to buy one of those exhorbitant high priced first homes in Remmers.

    Raise the interest rates on the loans so they get repaid even faster. That way others can beneift from the Graduates skipping to oversea’s after we have paid for their education.

    Graduates, like teachers, cause me to cry rivers of tears.

    http://screencast.com/t/KQ7y1qg563UY

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  4. Zapper (1,021 comments) says:

    Possibly the most appropriate use ever of the word dipshits

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  5. martinh (1,257 comments) says:

    What a nitwit, i bet pete hodgkinson would support Lens Brown use of his publicly funded credit card for personal meals too

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  6. Minnie (98 comments) says:

    “So let’s be very clear. NZUSA attacked the policy when National announced it, and now attack National for scrapping it.

    This confirms my perception that most of the time NZUSA is not about actually advocating for the welfare of students, but promoting Labour and advancing the political careers of wanabee Labour MPs.”

    You cynic!

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  7. dog_eat_dog (781 comments) says:

    It’s still a shame that the repayment bonus was removed. You have to wonder why. If it was costing too much then surely that meant it was working too well :D

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  8. Harriet (4,975 comments) says:

    It’s a $1.80 per day[365]. – half the price of a fucken coffee!

    That’s not a fucken dinner!

    The emotional left at it again in our educational institutions – teach them better than that, and they’ll get paid better :cool:

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  9. Redbaiter (9,098 comments) says:

    “This confirms my perception that most of the time NZUSA is not about actually advocating for the welfare of students, but promoting Labour and advancing the political careers of wanabee Labour MPs.”

    The faulty logic and maths employed by this loon Hodkinson confirms my knowledge that education in NZ is (for many) not about learning to read write and do maths, but is about being indoctrinated with far left doctrine.

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  10. greenjacket (466 comments) says:

    So a Labour Party stooge in the University Student branch of the Labour Party is reported as saying something daft in a Labour Party rag.
    Why is this worth commenting on?

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  11. nickb (3,687 comments) says:

    But think how much faster they’ll be able to pay of their loans with an extra 25 cents an hour tagged on to the minimum wage!!!?

    If you have done the type of university degree that lends itself to being paid minimum wage then you deserve what you get. Looks like that decision to do a BA in Pol Sci wasn’t so smart after all, BWAV

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  12. Michael (910 comments) says:

    Is it a course requirement for University Students to be such whiners and bludgers these days?

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  13. Harriet (4,975 comments) says:

    “…..So a Labour Party stooge in the University Student branch of the Labour Party is reported as saying something daft in a Labour Party rag……Why is this worth commenting on?….”

    Because it is where the next generation is educated……barren feminists….barren gay Marriage couples…..’diverse minded’ immigrants……

    The country faces far more ‘introspection’ and ‘studies’ by universties than:

    “A $1.80 a day increase ‘bought forward’ on their personal ‘forward estimates’ by ONLY those in the economy who have student debt is ‘unfair and emotionly destabilising’ to the unfortunate few who would not know any better.”

    I ‘left’ school at 15! :cool:

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  14. Tom Barker (143 comments) says:

    “I ‘left’ school at 15!”

    It shows.

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  15. Harriet (4,975 comments) says:

    I meant to change that:

    The country faces far more ‘introspection’ and ‘studies’ by universties than this announcment:

    “A $1.80 a day increase ‘bought forward’ on their personal ‘forward estimates’ for ONLY those in the economy who have student debt, is ‘unfair and emotionly destabilising’ to the unfortunate few whom we educated at NZ’s universities and would not know any better.”

    That’s now perfect. :cool:

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  16. bhudson (4,740 comments) says:

    So what this critter is saying is the govt should borrow more money (the same effect as not changing the repayment requirements) and then spend up on booze and nosh at NZ hospitality joints.

    No need for students to be involved at all in the transactions. And the same domestic stimulus that he claims.

    Or, alternatively, the differential that would be otherwise spent according to Hodkinson could instead be given to the net taxpayers who are funding the interest on students loans [which are only interest free to students, not to those actually funding the provision of them.] Those taxpayers could then go out more often and enjoy some hospitality as a measure of gratitude for their funding of the loans scheme. Again, the students wouldn’t need to be involved in the transactions and the same (purported) economic benefits would accrue.

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  17. thedavincimode (6,800 comments) says:

    Maybe Pol Pot was onto something.

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  18. Johnboy (16,651 comments) says:

    You could be onto something there Leonardo. Rodney would agree.

    Exterminating the teacher classes could be a giant leap forward.

    http://www.nzherald.co.nz/opinion/news/article.cfm?c_id=466&objectid=10868771 :)

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  19. infused (656 comments) says:

    This grinds my gears

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  20. Akaroa (558 comments) says:

    Ah! Uni! Those were the days my friend, we thought they’d never end!

    A couple of points from this former adult student.

    First, for NickB – please don’t knock the ol’ Pol Sci degree.

    That’s the one I did. Why? Because i was interested in politics. (Without being a Pollie, I shudderingly hasten to add!!)

    Also, I realised that in today’s World to get anywhere one needs a tertiary qualification. And that’s not an endorsement of the educational system by the way, its just the rules of the silly game that one has to play in order to get a decent job nowadays.

    Also, as an adult student with nearly thirty years employment behind me I knew that employers are only interested in whether a prospective employee has the magic tertiary qualification. Not what that qualification is – (I exclude such esoterics as ‘Womens Studies” and similar nursery level foolishnesses from that assertion.)

    Second point: I’d heard about, but never before encountered, that strange breed of near humanity the “Permanent Adult Student”.

    ! came across a few of that breed at Vic – wasting their time and taxpayers’ money perpetually engaged in the pursuit of more and more esoteric papers and qualifications.

    Their value as productive members of society? Based on my observance, verging on nil IMHO. (Wonder what happened to some of them?).

    Mind you it isn’t only in NZ that one encounters this breed of free-wheeling burdens on society. My niece in UK at Leeds Uni was involved with one such perpetual student once- until she tumbled he was a waste of space!

    Tertiary education? I guess there ARE valuable and meaningful strands – mainly in the medical field I guess – but that’s about the limit.

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  21. burt (8,275 comments) says:

    Like any other union the NZUSA only care about their membership numbers. Please be gentle with them they have to stand on their own merit now that legislation isn’t guaranteeing them the funds they need to promote the Labour Party.

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  22. b1gdaddynz (279 comments) says:

    I have a student loan and I don’t have any problem with the policy at all; it makes sense! My parents income meant I didn’t receive a student allowance and I was independent so borrowed the money as an investment in my future! I find it really pathetic when people are happy to borrow the money but then whine when they have to pay it back and it isn’t a massive increase.

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  23. Henry64 (83 comments) says:

    Was at Uni 2008-2010 as a ‘mature student’. Borrowed about $16k all up. Repaid December 2012. Cheers and beers to my fellow taxpayers for the loan. No whinging or moaning during the repayment process, just knuckled down and did it.

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  24. hane (69 comments) says:

    David Fluffer paid back his student loan by sucking on National Party dingdong down on Bowen St. Dishonest and hypocritical!

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  25. krazykiwi (9,186 comments) says:

    hane – as sparkling as your analysis is, I suggest you head over at the Standard where I’m sure your learning will continue.

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  26. Lance (2,662 comments) says:

    It’s awfully late for hane to be up. You have school in the morning.
    I’m guessing intermediate school by the deep use of language and meaning.

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  27. RRM (9,933 comments) says:

    It is because National is BAD… and Labour is GOOD.

    :lol: LOL

    Don’t you know ANYTHING?

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