Universities NZ have an interesting publication that reveals a typical bachelor’s degree graduate will earn $1.38 million more over their working life than a non-graduate.
That’s a pretty good return on investment of say a $30,000 or so student loan. Bargain of a lifetime some would say.
Yet despite this, Labour’s policy is to tax all New Zealanders an extra $1.2 billion a year and use that money to give to students so they don’t have to pay any course fees at all.
Isn’t that a terrible policy?