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

 

Individual Student Debt Level Tops $130,000

"The high level of student debt in this country is still of huge public concern," said Sam Huggard, Co President of the New Zealand University Students Association (NZUSA).

He was commenting on figures just released to APSU and NZUSA under the official information act that show that the highest student loan account currently held by the IRD is between $130,000 and $140,000.

The figures also show that the percentage of students and graduates in higher debt brackets is increasing. In all the debt level brackets of over $20,000, there were increases from the June 1999 figures.

"The government has begun to address student debt, by removing interest on student loans for full time and low income part-time students. However removing interest alone will not curtail the growing debt mountain. The core causes of debt - fees and the lack of a universal living allowance - must be addressed in the upcoming Budget.

"The high levels of student debt are an impediment to participation in tertiary education, and are leaving borrowers with an unmanageable debt burden as they enter the workforce. The student loan scheme must be scrapped," concluded Sam Huggard.

Students in some cities are today protesting at the high level of student debt, and the lack of universal living allowances, with marches, pickets and education days in Hamilton, Wellington and Otago.

Ends.

For further comment:

Sam Huggard,

NZUSA Co President

025 86 86 73

04 498 2500


© 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