Writing down the debt

Murray Boardman makes a good argument in the Herald today for writing down student loans for people who stay in New Zealand. I agree with him. The problem of student debt needs to be addressed. It's driving people overseas, causing them to delay buying a house or having kids, and makes it impossible to save for retirement (something the government tells us we must do). This doesn't just affect the individuals concerned, but the economy and society as a whole.

Writing down the debt may be unfair to those who paid their own way through university, but its the only way to fix this.