Education Policy | Post Primary | Preschool | Primary | Tertiary | Search

 

Freeze on loan interest rates welcomed

Today's announcement by the Associate Minister of Education (Tertiary education), Steve Maharey to freeze the student interest loan rate for 2000/01 tax year, while reviewing the current interest rate setting methodology, has been welcomed by the New Zealand University Students Association (NZUSA). Under the currently methodology, the interest rate is proposed to rise from 7.0% to 7.6% on the 1 April 2000.

"Students are relieved that this Government is taking positive steps to thoroughly investigate one of the fundamental impediments of ever increasing student debt," says Tanja Schutz, Co President, NZUSA. "Especially after the previous government's avid reluctance to proactively address any issues pertaining to equity, access or social and economic barriers to participation within tertiary education - it is a welcome respite."

"After almost ten years since the implementation of student loan - which led to Generation Debt - we are seeing the broad flow on effects of the loan scheme" says Sam Huggard, Co President NZUSA "Graduates are seeing their loan repayments only moderately affecting their interest, whilst never getting near the principal."

"Our hope is the government continues this progress and moves toward a reduction in fees - which is the real cause of massive student debt," concluded Tanja Schutz.

ENDS


© Scoop Media

 
 
 
Culture Headlines | Health Headlines | Education Headlines

 
Howard Davis Article: A Musical Axis - Brahms, Wagner, Sibelius

Brahms' warm and exquisitely subtle Symphony No. 3 in F major, Wagner's irrepressibly sentimental symphonic poem Siegfried Idyll, and Sibelius' chilling and immensely challenging Violin Concerto in D minor exemplify distinct stages of development in a tangled and convoluted series of skirmishes that came to define subsequent disputes about the nature of post-Romantic orchestral writing well into the following century. More>>

ALSO:

Scoop Review Of Books: A Pale Ghost Writer

Reviewed by Ruth Brassington, Richard Flanagan's new novel is about a novelist hastily ghost-writing the biography of a crook about to go to trial. The reader is kept on a cliff-edge, as the narrator tries to get blood out of his stone man. More>>

Negotiations Begin: Equal Conditions For Men & Women In Professional Football

The trade union representing New Zealand's professional footballers has initiated bargaining for an agreement securing equal terms and conditions for men and women. If negotiated, it will be the first agreement of its kind in the world. More>>

ALSO:


New Zealand Wars Commemoration: Witi Ihimaera's Sleeps Standing Moetū

The second of several articles to mark Rā Maumahara, remembering the New Zealand Land Wars. The first was a Q&A with Vincent O’Malley, author of The Great War for New Zealand: Waikato 1800–2000. More>>

ALSO:


Howard Davis Review: Conflict & Resistance - Ria Hall's Rules of Engagement

From the aftermath of war through colonisation to her own personal convictions, Hall's new CD addresses current issues and social problems on multiple levels, confirming her position as a polemical and preeminent voice on the indigenous NZ music scene. More>>

 
 
 
 
 

LATEST HEADLINES

  • CULTURE
  • HEALTH
  • EDUCATION
 
 
  • Wellington
  • Christchurch
  • Auckland