Big bad loan

Every university student in Finland knows what’s been up in the exciting lives of students lately. If you don’t; where have you been?

According to the Finnish government program students in universities and universities of applied science are going to face cuts in the student allowance worth of 70 million euros by the end of 2019. And that’s not all, the cuts will increase up to 150 million euros overall in the long run.

The government wants to stop growing debt. Debt is a bad thing. And at the same time the government wants to decrease the study grant. And at the same time the government still wants university students to finish their degrees earlier and earlier. Oh yeah, and working very hard along studying is restricted too. Something in this equation doesn’t match.

How to encourage young students to take out loans so they can concentrate on studying and achieving a diploma which doesn’t necessarily ensure the certainty of a profitable job in future? How to convince young students that it’s okay to owe money to someone when the economic situation in Finland proves otherwise?

I’m not expecting that my living is paid by other taxpayers. I work too and I pay taxes as well along my studies. But I’m not ashamed to admit that my monthly income simply isn’t enough to cover all my expenses. I also need financial support.

I was listening to a financial management specialist some time ago. He stated that only one career in the future isn’t enough for our generation. I agree with him. Technology will develop so rapidly that automatization and robotics are going to replace a lot of humans’ work. That’s why I see studying as an investment for future.

I’m also concerned about my own future. I know for sure that I won’t be doing business for the rest of my life. I have another profession from another industry in mind. If I take a huge amount of loan now how am I, and all the other young adults in the same situation, supposed to finance my studies later?

Cutting from the study grant is not only silly but also a short-sighted action from the government!

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Sources:
http://www.syl.fi/2015/06/08/hallitus-leikkaa-jo-entuudestaan-riittamatonta-opintotukea-ota-lainaa-syodaksesi/
http://www.hs.fi/sunnuntai/a1456458193369
http://www.hs.fi/politiikka/a1456203703466

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One Response to Big bad loan

  1. iiroten says:

    Grrrrrrrrreat post! Very intuitive and interesting to read!

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