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

 

Westpac’s Bittersweet Valentine to Students

Westpac’s Bittersweet Valentine to Students

“Students cannot help but be cynical over new plans from the Westpac Trust to offer graduates low interest rates for their loans” stated Aotearoa Tertiary Student Association President Keith Clark. This statement follows the Westpac Trust announcement of low interest loans for graduates to cover outstanding student debts.

“Westpac Trust does not have a great track record when it comes to supporting students in general. While looking attractive, $50 million is really a drop in the ocean compared to the $4 billion that is tied up in the loans scheme” advised Keith Clark.

“Studies show that once tertiary study has been completed that 90% of students stay with their banker for life. This is Westpac’s attempt to cream off the best credit risks from the government scheme” stated Keith Clark.

“None of this is Westpac’s fault” said Clark. Successive National and Labour Governments have mismanaged the student loans area from the start. Students have maintained that the interest rates charged on the student loans scheme have been exorbitant. If a commercial bank can offer these rates then government needs to rethink its entire current strategy.

ATSA urges that the Labour/Alliance Coalition move to discuss different options with students. Students are willing to talk at any time to reduce the debt burden.

ENDS

For Further Comment Contact:
Keith Clark, ATSA National President
Cell phone 025 756 526

© Scoop Media

 
 
 
Culture Headlines | Health Headlines | Education Headlines

 
Gordon Campbell: Best New Music Of 2017

Any ‘best of list’ has to be an exercise in wishful thinking, given the splintering of everyone’s listening habits... But maybe… it could be time for the re-discovery of the lost art of listening to an entire album, all the way through. Just putting that idea out there. More>>

Scoop Review of Books: Ten x Ten - One Hundred of Te Papa's Best-Loved Art Works

An idiosyncratic selection by ten art curators, each of whom have chosen ten of their favourite works. Handsomely illustrated, their choices are accompanied by full-page colour prints and brief descriptions of the work, explaining in straightforward and approachable language why it is of historical, cultural, or personal significance. More>>

Scoop Review of Books: Portacom City - Reporting On Canterbury Earthquakes

In Portacom City Paul Gorman describes his own deeply personal story of working as a journalist during the quakes, while also speaking more broadly about the challenges that confront reporters at times of crisis. More>>

Scoop Review of Books: Christopher Pugsley’s The Camera in the Crowd - Filming in New Zealand Peace and War 1895-1920

Pugsley brings to life 25 exhilarating years of film making and picture screening in a sumptuously illustrated hardback published by Oratia that tells the story through surviving footage unearthed from the national film archives. More>>

 
 
 
 
 

LATEST HEADLINES

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