New Zealand use to have free education. Then it became interest free ... unless you left the country. They bleed a lot of talent out to Australia, so if you move for more than 6 months they start charging you interest.
It turned from being a good socialist system that helped everyone to being a forced means of talent retention.
In the same way, American student loans are really aimed at keeping people trapped in industry they might grow to hate. Everyone has to pay the mortgage and all that.
It turned from being a good socialist system that helped everyone to being a forced means of talent retention.
In the same way, American student loans are really aimed at keeping people trapped in industry they might grow to hate. Everyone has to pay the mortgage and all that.