A Student Fund For College Expenses

Connollyist a/c no.2

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Aug 25, 2017
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How come people have not thought of this? the idea is this.

People pay say 10 cent a month for a year and all the money raised goes towards college expenses. If you dont pay you dont reap the possible rewards.

So lets say 12,000 Irish college students sign up to this. That's 1 euro and twenty cent per person for a year. 1.20 by 12, 000 is 14, 000 euros. Who this money gets distributed to is decided by picking people at random.

This would help people so it would, even if this is just a really rough idea of how it could work.

Why havent students organised something like this?
 
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FunkyBoogaloo

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Jul 14, 2015
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A portion of every child's monthly social welfare (given to them every month since their birth) could, or should perhaps, be automatically deducted and invested in a college fund which can be tapped by each respective student when they attend college.

Say €10 per month... which amounts to a small fund of €2,160 (after 18 years) for every prospective student in the state.


I'm talking about Children's Allowance by the way.
 

jimbohane

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Jun 27, 2018
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A portion of every child's monthly social welfare (given to them every month since their birth) could, or should perhaps, be automatically deducted and invested in a college fund which can be tapped by each respective student when they attend college.

Say €10 per month... which amounts to a small fund of €2,160 (after 18 years) for every prospective student in the state.


I'm talking about Children's Allowance by the way.
Try selling that to Pavee Point and the people they represent. ''Taking 10e a month from our childers mouths sir''.
 

Lumpy Talbot

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Jun 30, 2015
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No
To a certain extent the finances of most nations are founded on the principle of a little from every citizen should amount to a lot in order to run and administer a nation.

This principle has broken down over the last few centuries under new dynamics such as the ability of the wealthiest (corporations and individuals) exempt themselves from that form of social contract, the ability of governments to use what money is collected to form the basis of collateral for borrowings on the international markets and thereby lumping debt payments on future governments and lastly but by no means least the unnerring ability of governments to spot a pool of money it hasn't taxed or milked in some way for temporary political gain.

An example of the latter would be the disappearance of a number of pools of money which were national assets in the form of a 28 billion euro sovereign wealth fund which was intended to defray rising pension costs in the state, which Brian Lenihan converted to a Special Purpose Vehicle, to which he then added a number of University pension funds and use the whole lot to pay off bondholders in criminally run banks.

My honest advice would be that creating a pool of money out of small sums is a great idea and within the notions of fiscal responsibility and a social contract but that it would have to be placed well beyond the reach of come-day go-day Finance Ministers in order for it to remain without some politician's hand dipping into it.
 


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