Student borrowing fuels the brain-drain

It is interesting to note that students are borrowing more while studying, at least in 2009 compared to 2008.
Jobs for MeWhat this article lacks is opinion. Is student debt a 'good thing'?
If students are building up debt during study that is running out of control then it will impact upon, even cripple, their chances of getting ahead as they make there way out into the 'real world'.
Deposits for houses are huge, expenses for travel are large, starting wages in New Zealand are comparatively low. Is there a 'loan crisis' emerging that only is fuelling the brain-drain?
If the only way of clearing the debt and saving for the all important deposit for the first home is to work overseas for a while then many will, most do.
"Honestly, mum. It'll be for a year or two and then I'll comeback.Don't worry." - But will they return?

No comments: