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Economics and politics student Nick Gavey and law and bachelor of arts student Alec Dawson both agreed changes to student repayments could result in more students wanting to go overseas.
However, they agreed the changes to student support in the Budget were relatively minor and were more concerned about the lack of job creation measures and how this might affect them after they graduated.
"The ... Government should be much more focused on jobs and this is exactly the wrong time to be pulling money out of the economy," Mr Gavey said.
Mr Dawson said there was no need for the Government to be so focused on returning to surplus by 2014-15 and instead it should be more focused on growth.
Fellow flatmate and law student John Brinsley-Pirie said he could understand why the Government had made the cuts to allowance entitlements and increased student loan repayments in the Budget.
"Putting a wee check on student allowances and student loans is something that is not particularly harmful," he said.
He supported getting back into surplus and did not think the changes would push people overseas.