Double the money; Double the trouble
|Feckless: lacking initiative or strength of character; irresponsible.|
Vancouver Sun: Law Aims to recoup unpaid student loans.We couldn't quite figure out yesterday's offer from Shirley because there was no mention of a pay back time. It came across, repeatedly, $44,600 FREE, no strings attached, no up front charges. All splash and plenty of dash on the basics of the program. Obviously its another one of those gems that the BC Liberals like to produces to get elected....eg. LNG, Prosperity Fund, $100 Billions, Debt Free in Fifty, .... currently $70 billion which will be $100 Billion - at the rate Christy is spending eg Site C - within one more mandate.
“For folks that graduate and get a job and are working and decide they just don’t want to take their obligation to repay their student loan seriously, this would be a mechanism to remind them on a fairly regular basis they need to honour that obligation,” said de Jong.
Vancouver Sun: Issues & Ideas: Preparing for a million job openings: Opportunities: B.C. government offers help to people wanting to learn skilled trades.
There is also financial help available.May be eligible per student (not married): $44,600 over four years $11,150 over one year $929 over one month $232 over one week $33 over one day
Did you know that over the course of a four-year apprenticeship program, eligible students may receive up to $44,600 in financial support from the federal and provincial governments? Students with dependents can receive even more.
For example, a student supporting a partner and two children may be eligible for up to $55,700 to help them get the skills they need to build their careers.
Based on Shirley assumptions, not determined by an Actuary, nor Mikey wizards of finance, there will be One Million Direct jobs created in need of financial assistance; after four years there will be an additional One Million In-Direct jobs so that the former student can work two shifts.
Whether or Not it's one million jobs training in need of financing or 100,000 students/apprentices, the math is the same: The Debt clock is running, wild in Victoria and to some degree in Ottawa.
$33 X 1,000,000 = $33,000,000 per day
$232 X 1,000,000 = $232,000,000 per week
$929 X 1,000,000 = $929,000,000 per month
$11,150 X 1,000,000 = $11,150,000,000 year
$44,600 X 1,000,000 = $44,600,000,000 four years
EI rates are going up for current workers/employers to provide the funding, eh