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

 

AG On Student Loans No Surprise

Auditors General's comments on student loan scheme come as no surprise say students

The New Zealand University Students Association (NZUSA) is unsurprised at that the findings in the report from the Controller and Auditor-General on the student loan scheme, released today.

"Student associations have long been saying that there was a complete lack of government research into the long-term effects of the student loan scheme, and are pleased, yet unsurprised, that the Auditor-General concurs with this view," said Sam Huggard, NZUSA Co President.

"The burden of research into the student loan scheme has fallen on to universities and student associations when the government itself should have been playing a leading role in conducting this research."

"The long term effects of the loan scheme are enormous. There was no assessment from the previous government on the effects of the loan scheme on participation levels, the ability to raise a bank loan for a mortgage or the passing on of loan debt to consumers via professional fees such as lawyers, dentists and doctor's fees. It is woeful that the National government saw no reason to ensure that these issues were being monitored and researched."

"We also have concerns about the lack of information provided to borrowers up front, when they take out their loan. Students and potential students are informed about the mechanics of how to take out a loan, but are given no advice on the effect that having a large student loan debt will have on their future career and lifestyle."

"We are welcoming the comments from Tertiary minister Steve Maharey that his government is willing to consider the recommendations contained in the Controller and Auditor-General's report. This is a distinct difference from a previous National party that had no real interest in assessing the long term impacts of the student loan scheme," concluded Sam Huggard.

Ends.

© Scoop Media

 
 
 
Culture Headlines | Health Headlines | Education Headlines

 

City Of 100 Lovers: Multi-Million Dollar NZ Theatre Production To Launch

Produced in New Zealand, the $8Million budget, musical comedy, City of 100 Lovers, has been created for locals and tourists alike. More>>

Indycars: Dixon Wins Fifth US Championship

The New Zealand motor racing driver Scott Dixon has won the US Indycar championship for the fifth time. Dixon finished second in the final race of the season in Sonoma in California. More>>

ALSO:

Howard Davis Review: The Outsider Art of Tony Fomison

Among such gifted contemporaries as Bill Hammond, Tony de la Tour, and printmaker Jason Grieg, Fomison distinguished himself as highly idiosyncratic, and could have become wealthy, had not his demons prevented him from investing his income wisely. In his near monochrome oil painting on black hessian, he staked out a territory of morbid originality. More>>

Scoop Review Of Books: Immortal Love

The series has a wild-west tone with a steampunk vibe, so if you’re a fan of Joss Whedon’s Firefly or Joe Abercrombie’s Shattered Sea, then chances are you’ll enjoy this book. More>>

Howard Davis Review: The Trappings of Success - McQueen

This troubling documentary about the extraordinary life and untimely death of British fashion designer Alexander McQueen (1969 - 2010) is a cautionary tale of an extremely gifted, but self-destructive soul caught up in a business that chews up and spits out its creative talent. More>>

Anne Russell: On Nanette, And The Limitations Of Stories

Since many detractors fault Gadsby or other women for talking about their trauma publicly, Gadsby’s most ardent fans mistakenly perceive virtually any criticism of Nanette as misogynist. More>>

 
 
 
 
 

LATEST HEADLINES

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