It is currently four and a half Billion outstanding and reports often state much of it will never be repaid.
How difficult to prevent anyone owing money to the State to leave the country and the debt behind.
Make any and all such debt transferred to a commercial lender who might have better persuading systems to hand thus relieving the Taxpayers liable for the bad debts.
I understand that 4.5 billion is not that big when placed within the Annual revenue turnover of over a hundred billion but It is capable of denting the deficit currently around 12 billion
Maybe, just maybe a visit from a serious debt collection person to their place of residence could persuade compliance? just wondering, sort of offering something they may choose not to ignore.
Gravedodger posts regularly on No Minister - where this article was sourced.
I understand that 4.5 billion is not that big when placed within the Annual revenue turnover of over a hundred billion but It is capable of denting the deficit currently around 12 billion
Maybe, just maybe a visit from a serious debt collection person to their place of residence could persuade compliance? just wondering, sort of offering something they may choose not to ignore.
Gravedodger posts regularly on No Minister - where this article was sourced.
1 comment:
The "Non-repayment" of Student Loans has been a "longevity" issue from the day they were introduced.
If one "could look back in time" you will find that many Students have NOT repaid those loans, left the Country knowing that employment was not available to them with their University Degree, in NZ, thus sought employment elsewhere and decided 'stuff it' why repay the money.
Sadly for those who followed 'this self advice' found upon returning to NZ, that at the Border their 'names' where in lights with Immigration. What they did not know was that our IRS 'had been doing a Sherlock Holmes'.
If there is still a debit, then those who have not paid up, have decided not to return - our loss for an action by a Govt, of the day, to "splash the cash".
Best advice, scrap the Loans.
Want to go to Uni either you pay your way (like days of old) or hold hand out to the Mummy & Daddy Bank.
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