Proposal to Cabinet on interest-free loans for private uni education

sam Saturday, 27 May 2023 12:22 PM

Good proposal

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Tissa Saturday, 27 May 2023 12:45 PM

Good move. Australia has a Higher Education Contribution Scheme (HECS) and the Higher Education Loan Program (HELP). HECS-HELP loans are interest free. It is subject to indexation which means as everything else changes in value, the HECS-HELP changes too, so that it stays in line with changes in the cost of living (inflation).

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Sunil Saturday, 27 May 2023 12:53 PM

The State should always play a lead role in university education as otherwise private universities will lower standards for profit making

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Jayampathi Saturday, 27 May 2023 01:07 PM

I am not sure about Interest-Free. But already this scheme is available for private university students to follow UGC-approved causes in the private universities.

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Jonathan Saturday, 27 May 2023 01:11 PM

Thank you, Ranil.

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Sivalingam Saturday, 27 May 2023 01:17 PM

First step to privatisation of state universities.

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Academic USA Saturday, 27 May 2023 01:48 PM

In America the world’s number one university, Harvard , is a private university but the worst universities in the country are also private universities. Unlike America, third world countries are not equipped to maintain private universities, even one or two, at high level. In the third world sooner or later the standards in private universities have to come down in order to survive and that would have very negative impact on the country as a whole. The only solution for the third world countries is to build more state universities and completely shutdown all private universities by legislation.

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Too many fools think Australian systems are good Saturday, 27 May 2023 03:10 PM

A lot of overseas public education systems, with loans are absolutely hated by students here. My relatives in Australia despise the loan system, which applies to Government/public universities. We don't need stupid ideas like that here.

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Wije Saturday, 27 May 2023 03:28 PM

You should charge nominal interest else no value they will treat this as a grant which is common in our country .

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Reza Saturday, 27 May 2023 04:41 PM

Student loans that need to be repaid once they start work. That’s how it’s done in rich countries. No free rides at tax payer cost to strike and aragalaya.

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Siromi Gunaratne Saturday, 27 May 2023 05:48 PM

This should be given to state university students as well. Most have numerous financial hardship. All should be given loans which they have to repay after they qualify. There should be a monetary and service bond so that they have to serve the country for minimal number of years and repay the loan before they can leave the country. this is the practice in all developed countries. No one gets free higher education.

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Dee Saturday, 27 May 2023 07:32 PM

This is bound to come under strong protest from IUSF. @ Academic USA. You nuts? Have you experienced the quality of our local uni produce? They will only fit in well in loss making state institutions. Your proposal should be the other way round!

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Lanka Saturday, 27 May 2023 08:07 PM

This should be done to all public and private sector students ..many poor in public universities too suffer ? Why not they have ? Ask them to pay back in installments of 20 years

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DOT Sunday, 28 May 2023 05:18 AM

Great Move

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Smart students but dumb system Sunday, 28 May 2023 08:58 AM

Siromi Gunaratne! Your suggestion is the best. This will serve as an incentive to students to finish their studies and usefully employed. They save their time and public funds. Their life will have a purpose instead of getting a bath, or Tear Gas treatment or assaulted by law enforcing Police. University students are intelligent, but the system spoil them.

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Percy Wijenayake Sunday, 28 May 2023 11:21 AM

The user pay system must apply for every vocation. The public seeking information from government office staff must be facilitated quickly and efficiently without harassment and bribes. Extra fee may be levied for speedy result.

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