Their parents agreed to pay for their accommodation and fees when they went to university.
Both chose to also borrow the maximum available under the student loan scheme.
She finished her first year with nothing left over. He finished his first year with * several thousand dollars in the bank.
This post was prompted by A lifetime of debt? at Kiwiblog.
When student politicians complain about fees and other costs of tertiary education and the burden of student loans, they always assume that everybody has to borrow the maximum amount available to enable them to study.
They don’t. Some get parental help, some win scholarships, some get additional allowances from the state.
Most have the choice of working before they start study, during holidays and at least part time while they’re studying to reduce the amount they have to borrow.
The example I’ve given also shows they have some choice over how much they spend.
* I’ve said “several thousand dollars” because I can’t remember the exact number but it was definitely more than a couple.