Legislative Council rejected outsourcing the loan

BREAKING NEWS: After the protest action of the Hong Kong Federation of Students (HKFS) in front the Legislative Council (Legco) Building, the Finance Committee rejected the proposal to outsource the loan system to the private institution.

Here I try to outline the reasons most of the Legco members disagree with the proposal:

1. Due to process.
The loan system is affecting the student loan. The Student Grant Loan Department plays the main responsibility but it never bring this to the Education Committee to discuss on this matter. Many Legco agreed with this point.

2. Tricky way to past the proposal
In order to past the proposal without the consultation within the Education Committee, the government emphasized the "benefit" that HK$ 7 million cost saving each year. This is provocative, stupid and nonsense.

3. Worry on the way of loan collecting
If the student has the difficulty to pay back the loan, will the private institution acts like the "shark-loan" to threat the student to pay?

This is an important victory for the Hong Kong students. Some of the students may think as long as loan can be produced, the issues of lender is not that important.

However, for the Asian Students Association (ASA), the campaign of education shall continue through increasing the awareness of the students about the rights to the education. At the same time, we have to understand the bigger picture that education is already become part of the commercialization. It already became the commodity which we strongly against.

Education is a right, not a privilege!