• 10 Posts
  • 13 Comments
Joined 1 year ago
cake
Cake day: June 14th, 2023

help-circle





  • The entire economy is affected by student loan debt. Property sector is hurt inasmuch as most people with student loan debt simply cannot afford to buy a home. The banking sector is impacted as debt-ridden students cannot qualify for mortgages or other loans. Businesses also hurt when the consumer market contracts. Higher education becomes increasingly inaccessible to many due to the ever-rising tuition fees at universities, which take advantage of the federal loan program.









  • 'The deputy president of the P-Hailing Organisation of Malaysia estimates 20 per cent of the 403,637 post-SPM examination students to enter the food delivery industry, known locally as p-hailing, as riders this year due to job and financial constraints.

    '…The newspaper previously reported on June 1 that more than 458,000 SPM graduates are estimated not to further their studies in the next three years.

    ‘It cited statistics from an unnamed source showing that 48.74 per cent or 180,680 SPM graduates in 2021, an increase from the 35.16 per cent, or 115,939 SPM graduates in 2020, stopped their education after taking the final secondary school examination in Form Five.’

    With these numbers the gig industry will be saturated … but maybe high attrition rate amongst gig workers?