Volvo, Rivoli one-all in Premier League play-off 6:03 PM
Toots struck with bottle during performance 5:53 PM
Craft producers benefit from year-long training 1:14 PM
Caribbean will dominate global saving and investment says World Bank 12:37 PM
Police Federation’s Raymond Wilson hospitalised 10:27 AM
Courtney Walsh to be honoured at Wray & Nephew Contender 10:12 AM
Letters to the Editor
A solution to students' loan problem
Monday, October 15, 2012
Dear Editor,
According to the media, the problem of supporting the increasing number of students wishing to enter the universities in the island gets more difficult with each passing year. Successive ministers of government have suggested modifications to
the present inadequate students' loan system.
The system is inadequate because of two factors. In the first place it does not seem to be solvent enough to satisfy the growing demand. In the second place, students find it difficult to repay the loans with the high interest rate of nine per cent. That students cannot repay their loans should be no surprise. Apparently, they can find no jobs upon graduating from the universities. But also, the government itself is not a model of fiscal responsibility in paying back its own loans.
Yet there is a solution to the students' loan problem. One obvious fiscal measure to support higher education in Jamaica would be to develop a new, exclusive revenue source. This source would be designed expressly for higher education support, while relieving students of the onerous burden of borrowing money to pay for their college education. To begin, the government should impose a fee of US$1 on each tourist arriving by air or by sea to the island. This fee would be applied only to tourists on cruise ships and those using hotel facilities. That is a small percentage of the airport fees assessed on all travellers.
With the official estimates hovering around two million tourist arrivals per year, that would yield approximately $2 billion for higher education. Clearly that is a paltry sum, but it is a start. A bold government could do the maths and ascertain the optimal point where tourists are willing to pay the fee without impacting their destination choice. So it might even be possible to increase the fee substantially in following years. Then the government, with some justification, could declare that tourism matters to every Jamaican.
John Brown
Kingston
Other Stories
Those who can afford to run will
Jamaica, not JPS, facing death
Make Industrial Relations training for managers mandatory
Teachers should take vacation during the summer
JIM pays tribute to Dr the Hon Joyce Robinson
Exposure to smoking reduces quality of life
Kelly Tomblin a breath of fresh air
Time for a code of political ethics
Why block police youth club members from joining the constabulary?
Minister Hanna doing a good job
I'm ready to help fund the Finsac report
Now that we have the IMF loan...
HEART Trust indebted to Dr Robinson
J'cans chose scalpel over bitter medicine


