Students shouldn't need loans. It's an aberration.
It's not fair on those who went directly into the workforce or became an apprentice that the university students get free money for living costs for 3 or 4 years.
The current system in New Zealand (simplified slightly) is that university is free, there are no fees, and you can get up to $180 per week for living costs as an interest free loan. I think it's a perfectly reasonable system. That amount isn't really enough to cover all your expenses unless you are especially frugal, so students still need to go out and get a job (or work in the summer), which I think is perfectly fair.
Obviously the upside is that you get a job where it is reasonable to expect that you'll be able to repay the loan in about 10 years, but that's something you worked for, and something an ambitious person in the workforce might achieve as well.
Anyway, I don't think you can simply say it's unfair to aid students in their living expenses while they're studying. Obviously they're usually having a great time studying, but they also don't own a car, or a house and instead live in tiny apartments sharing privacy with other students. They usually delay their family building for the entire span of their studies, and often even until they've paid of (most of) their debt. But yeah, have them work some extra in the summer while the workforce is driving their caravans to southern France...
The skill, I guess, comes in piecing it all together and consistently making good guesses.
https://en.wikipedia.org/wiki/Developing_country#Country_lis...
1st world: US, UK, West Germany, essentially western countries
2nd world: Soviets, East Germany, communist countries
3rd world: everyone who doesn’t fit the Cold War theater.
Either way, a GDP per capita of $15k isn’t considered “first” at whatever category you want to assign it by. Unfortunately there are no “1st world” countries in Latin America.
Really?! You do but you don't but you do want to be a stickler? ....
PS West Germany and East Germany are not separate countries. :)
I’m only mentioning this as people usually attribute it to only economic power.
“studying CS in 3rd world country 35k is a lot of money”
First world were countries allied with the US. Second world were countries allied with the USSR. Third world were neutral countries.
So Switzerland, Ireland, and Sweden are third world countries.
A "third-world country" was a country that wasn't aligned to either the Western countries (first world) or the Communist Bloc (second world).
These terms have become outdated, and "developing" countries is more commonly used now by, e.g., the press.
Someone could say that he could have gotten even more money by selling his findings in the black market, very difficult but doable. However, as someone who understands how studying computer science in a 3rd-world country is, getting USD +36k in a legal way and from a company that is considered one of the best in the industry, it must have felt very good to get that mail.
Congratulations, and keep the good work.