Friday, April 20, 2012
PTPTN dan Dataran Merdeka
Dear Friends,
I saw you occupy Dataran Merdeka and could feel your high-spirited youthfulness. I have no objection to your “occupy” campaign. From Wall Street to Jalan Sultan, indeed young people should step out of their classrooms to taste the sunshine and rain.
It doesn’t have to be that tough, after all. With an iPhone or iPad in your hands, you could stay in touch on Twitter or Facebook, sharing with your followers or friends the amazing nasi kandar you’ve savoured just across the street from Dataran Merdeka or perhaps a photo you snapped with some curious tourists.
So, I will never worry that you would get bored or exhausted at the Dataran Merdeka.But I just wonder what the real significance of occupying the Dataran is. I did not hear any anti-Lynas or anything anti-corruption slogans, nor about the pathetic academic standards of our universities today. All you wanted is free tertiary education and the writing off of PTPTN arrears. I even saw a “PTPTN, the big loan shark” placard hoisted under the sultry sun over the Dataran.
I couldn’t help but laugh: All that you want is just so simple.
But have you ever thought about this: If everything is free of charge, where does the money come from? And if you can default on your loans, who would extend the loans to you? Since you are all university students, I assume you have learned some economics before, right? Don’t you remember there is something called “costing” in economics? For anything offered free of charge to you, someone else have to foot the bill.
Your lecturer could have told you, and economics guru Milton Friedman most definitely said it before, that nothing comes free under the sun. And this costing concept applies very well to all of us. Your parents should take delight in the fact that some other people are helping them pay the tuition fees so that they can keep their retirement funds largely intact.
What I am trying to say is that the cheap tuition fees are most definitely not a Godsend. The government has to dig into taxpayers’ pockets to subsidise your education, including mine.
If you come from a poor family, sure enough, I am more than willing to contribute my part to help. But there are so many of you who come from well-to-do families and yet enjoy the heavily slashed tuition fees.
Not to mention the PTPTN loans, where our government has been excessively generous by offering full loans at a mere one per cent interest rate. (If this is what you call loan shark, I would love to take a loan from you).
Given the fact that Bank Negara’s overnight lending rate is three per cent, the remaining two per cent (could be a lot more if we factor in the inflation) has to be sourced from somewhere (the government? not really, but the generously taxed uncles and aunties).
I don’t mind contributing that two per cent. I see it as my national obligation. But you refuse to pay up when you graduate from school someday in the future, and the PTPTN cannot just close shop this way. So, we taxpayers are once again come under the axe. You are actually well aware that university education is never free, even in cash-rich Western countries. Many students there have to take up part-time jobs or bank loans before they can attend their classes. You don’t need a part-time job or a bank loan to finance your studies here. You don’t even need to step into the lecture hall; just sit at the Dataran to protest against “I don’t know what”!
Perhaps the Dataran should be occupied by the uncles and aunties who subsidise your studies. We have a whole lot more valid reasons to occupy the square.
I saw you occupy Dataran Merdeka and could feel your high-spirited youthfulness. I have no objection to your “occupy” campaign. From Wall Street to Jalan Sultan, indeed young people should step out of their classrooms to taste the sunshine and rain.
It doesn’t have to be that tough, after all. With an iPhone or iPad in your hands, you could stay in touch on Twitter or Facebook, sharing with your followers or friends the amazing nasi kandar you’ve savoured just across the street from Dataran Merdeka or perhaps a photo you snapped with some curious tourists.
So, I will never worry that you would get bored or exhausted at the Dataran Merdeka.But I just wonder what the real significance of occupying the Dataran is. I did not hear any anti-Lynas or anything anti-corruption slogans, nor about the pathetic academic standards of our universities today. All you wanted is free tertiary education and the writing off of PTPTN arrears. I even saw a “PTPTN, the big loan shark” placard hoisted under the sultry sun over the Dataran.
I couldn’t help but laugh: All that you want is just so simple.
But have you ever thought about this: If everything is free of charge, where does the money come from? And if you can default on your loans, who would extend the loans to you? Since you are all university students, I assume you have learned some economics before, right? Don’t you remember there is something called “costing” in economics? For anything offered free of charge to you, someone else have to foot the bill.
Your lecturer could have told you, and economics guru Milton Friedman most definitely said it before, that nothing comes free under the sun. And this costing concept applies very well to all of us. Your parents should take delight in the fact that some other people are helping them pay the tuition fees so that they can keep their retirement funds largely intact.
What I am trying to say is that the cheap tuition fees are most definitely not a Godsend. The government has to dig into taxpayers’ pockets to subsidise your education, including mine.
If you come from a poor family, sure enough, I am more than willing to contribute my part to help. But there are so many of you who come from well-to-do families and yet enjoy the heavily slashed tuition fees.
Not to mention the PTPTN loans, where our government has been excessively generous by offering full loans at a mere one per cent interest rate. (If this is what you call loan shark, I would love to take a loan from you).
Given the fact that Bank Negara’s overnight lending rate is three per cent, the remaining two per cent (could be a lot more if we factor in the inflation) has to be sourced from somewhere (the government? not really, but the generously taxed uncles and aunties).
I don’t mind contributing that two per cent. I see it as my national obligation. But you refuse to pay up when you graduate from school someday in the future, and the PTPTN cannot just close shop this way. So, we taxpayers are once again come under the axe. You are actually well aware that university education is never free, even in cash-rich Western countries. Many students there have to take up part-time jobs or bank loans before they can attend their classes. You don’t need a part-time job or a bank loan to finance your studies here. You don’t even need to step into the lecture hall; just sit at the Dataran to protest against “I don’t know what”!
Perhaps the Dataran should be occupied by the uncles and aunties who subsidise your studies. We have a whole lot more valid reasons to occupy the square.
Labels: Current Affairs
just my 2cents at 10:14 AM |
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