Stock Exchange: Turn down the SU and up for student loans

The ordinary resident student gets about 5,900 in SU before tax per month. In addition, students can take an SU loan of just over $ 3,000 a month. It is the epitome of a life of luxury. This position is expressed by the editor-in-chief of Boyet Andrews Jensen in the newspaper’s editorial Tuesday.

He believes that the finances are wrongly distributed and that “the money can be spent better elsewhere”. Instead, more focus should be placed on student loans, because even though students get debt by taking loans for the study, it still gives students flexibility. They have the opportunity to wait to start repaying their loans when, after completing their studies, they enter the labor market and receive a fixed income.

The interest rate on SU loans is relatively low and you can wait up to two years after completing your education to start repaying the loan.


Attention must be directed to the labor market

labor market

The editor-in-chief argues that we must follow the example of our Nordic friends – Norway and Sweden -. The Norwegian and Swedish students are also paid a high SU, but not at all as high as the Danish ones.

Instead, greater focus should be placed on getting the wheels started in the labor market, because, as the government has proposed, the employment tax deduction must be raised and the percentage of top tax reduced – Løkke and co. just couldn’t find the money for it. So in order to finance those initiatives, you have to cut into the SU, says the editor-in-chief.


Can all parties be satisfied?

student loan

Many believe that the Danish students are privileged, and many of them probably also take the relatively high SU rate for granted. There are not many students around the world who are even getting “pay” to study, just as Anders Krab-Johansen more or less also plans.

On the other hand, he also writes: “The amount is money from the state for consumption, be it beer, pasta, books or a new computer”. He immediately overlookes the fact that the young people also have a lot of fixed expenses that need to be financed first and neither has anyone’s nose passed by that the prices of housing, both owner-occupied and rental housing, are quite high in the big cities . Only a few have low housing costs.

At the same time, there is a desire for study to be considered a full-time job, and therefore not everyone can be given time for a study job. They may have a desire instead to take a Sabbath year where they can save, but that is contrary to the Progress Reform. In any case, it rewards only the “fast” students. You can think of one and the other as you like, but if nothing else, it seems a bit of a difficult task to be equally pleased with the parties involved. If this can be done at all.

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Students and SU loans

August 2, 2019