University Finance
Sir, —Has Mr Ogilvie’s cost benefit study of education in
New Zealamf been published in full anywhere? As reported, it appears be has overlooked many items such as a comparison of total net earnings of graduates and nongraduates to, say, 30 years of age. Because the graduate has a higher salary, once he gets one at all, he pays proportionately very much more tax, and has little prospect of low-cost housing loans and cannot capitalise the family benefit. Did items like these enter Mr Ogilvie’s sum? When graduates are paid professional salaries it will be time to consider repayable loans to students. In the meantime perhaps police cadets should pay for their training, too, as they are ahead of the average graduate in the salary rat-race. New Zealand needs skills and must be prepared to pay for them, or return to the Stone Age.—Yours, etc., W. C. CLARK. October 23, 1969.
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Bibliographic details
Press, Volume CIX, Issue 32127, 24 October 1969, Page 10
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153University Finance Press, Volume CIX, Issue 32127, 24 October 1969, Page 10
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