What I hate about the current Singapore

[Sun_2010]

Irrelevant:

cherrygal:

Yup, my friend took so many years to pay back her study loan

Is there a reason why she took \"many years\"? I reckon many refers to > 5 years? :scratchhead:

My classmate took around 12 months to pay-off his loans, through overtime, allowances and bonuses.

An enterprising student would have given tuition and work during school holidays as well. Isn't this the kind of students (tough and enterprising) that we like to see?

:goodpost:

[Sun_2010]

winchester:

Musings:

Being the only other child in the family, I was prepared to finance my brother's university education. But as it turned out, I paid NOTHING thanks to all the available loans.

So the saying that university education is unaffordable is absolutely not true.

yes, but must take loans. not say \"affordable\" and pay out of pocket.

we as society don't like the idea of loans even for uni education altho it is common overseas.

True, still a student is not deprived of U if he has teh calibre for it.

Like you say it is common overseas, and in this global world the young gen will not find it hard to stomach. It is us parents worried about burdening our little young ones ( who are around 18-20 years old )

[Sun_2010]

dolphinsiah:

If the U grad takes 5 years to repay the 50k loan , it works out to be 10k per year...which means about SGD900 per month.....


By then maybe got hitched , wants to marry , buy house....
take up SGD500k loan...more debt...more installments....

Kids...Expenses....SGD1-2K per month.... :scared:

http://i50.tinypic.com/35bw02q.jpg\">

Endless Debt , endless installment.... :frustrated:

To live in Singapore I can afford to die ...but cannot afford to be sick....

That is the state of man across the world. If he is lucky to live in a developed nation . Yes lucky

If one wants a house with a loan of SGD 500K and a car , then why crib about installments? We make the choices.
If one can service a loan for a car in Singapore, then paying off local uni loan should be easier.

[rains]

[quote=\"dolphinsiah\"]

I know nothing is for free in this world...especially in Singapore.... :roll:

Someone told me that the only thing free in Singapore is - fart

[Coolkidsrock2]

When I was in uni overseas, most of my ang moh classmates took a loan for their studies. They work during their break.


Unlike parents our times, we now try to provide for our kids even when they are working. Some of the younger working adults I know do not need to contribute towards household expenses, pocket money for the parents. In fact, some of them are still receiving pocket money from their parents or using the parents’ supp card.

[SeniorDogsg46]

Please do not follow the ‘ang mos’. They are the ones that will throw their parents into the old folks home when they no longer give them pocket monies hor! These days, many many parents are just lousy parents and do not know how to teach values to their kids when young, just keep giving material things to spoil the brats!! You reap what you sow leh…

[Coolkidsrock2]

Well, the "ang moh" parents also throw the kids out when they reach a certain age.


It is a very materialistic world now and I think it will become even more so.

[cherrygal]

The ang mohs do not expect their kids to look after them. The old folks will check into retirement villages themselves. Maybe that’s why they don’t want to pay for their kids’ uni fees coz that will eat a huge chunk from their retirement funds.


Even if I pay for my kids’ uni fees, I still can’t force them to look after me. We can only hope they (and spouses) are filial enough. Best is to save enough money for our old age.

[Imami]

rains:

dolphinsiah:

I know nothing is for free in this world...especially in Singapore.... :roll:

Someone told me that the only thing free in Singapore is - fart

Omg :rotflmao:

[Just relax]

Coolkidsrock2:

When I was in uni overseas, most of my ang moh classmates took a loan for their studies. They work during their break.


Unlike parents our times, we now try to provide for our kids even when they are working. Some of the younger working adults I know do not need to contribute towards household expenses, pocket money for the parents. In fact, some of them are still receiving pocket money from their parents or using the parents' supp card.

Yes the kids are not given enough independence. For the boys at least, they should save their NS allowance and use that to pay for part of the fees. Also Uni kids should work during the long breaks and start understanding the real value of money. Nobody owes a Uni grad. a job. And certainly kids going to Uni should find out for themselves what financing, loan, scholarship, bursaries, grants are out there and arrange their own financing. It will be a good wake up call for the kids to try and finance their way through Uni.

There are enough stories of poor kids who make it through hard work and ingenuity in finding the money for their Uni education.