Bonds better than universal allowance

19/09/2008

National’s plan to bond some graduates who work as health professionals in areas of shortages is good but a universal student allowance would be better according to Auckland University Students Association president David Do.

If he looks at the short-term interests of individuals students he’s right. But if he looks at their long term interests and weighs up the costs and benefits to wider New Zealand he is wrong.

Bonding graduates who stay in New Zealand and use the skills the taxpayer has helped pay for them to acquire in areas of shortages is far better use of taxpayers’ money than throwing more money indiscriminately at every undergraduate.

Almost all students will be better off in the long run if they pay a bit more towards their education for the few years they are at university than if thay have to pay more tax for the rest of their lives.


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