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


Massive Student Loan Repayment Times

Massive Student Loan Repayment Times For Nurses, Teachers, & Doctors

Nurses will take 23 years to pay off their student loans, GPs will take 20.2 years and secondary teachers will take 16.3 years according to Ministry of Education calculations released by the New Zealand University Students Association (NZUSA).

“Some of our most valued professionals will be shackled by debt for most of their working lives,” said NZUSA Co-President Andrew Campbell. “The actions taken by the government so far to alleviate the student debt problem are not enough. With repayment times like this, more and more of our nurses, teachers and doctors will be looking to go overseas to work.”

The Ministry of Education data is based on maximum borrowing, but it does not take into account the years that women take out of the workforce in order to raise children.

“The vast majority of nurses and teachers are women,” said Campbell. “By not acknowledging that most women spend some years caring for children, the Ministry of Education grossly underestimates repayment times – as well as ignoring the way that student loans are much worse for the women of New Zealand. When are our government and their officials going to realise that women are taking twice as long as men to repay their student loans?”

NZUSA will be looking at the impact of student loans on recruitment, retention and industrial relations at their Workforce Issues Debt Summit, this Friday July 6 at the Christchurch College of Education. NZUSA is jointly hosting the Debt Summit with Minister of Youth Affairs, Laila Harre.

“We will be releasing our own research at the debt summit on the effect of student loans on primary teachers,” said Andrew Campbell. “Student debt of over $4 billion will have disastrous effects on the New Zealand workplace in the years to come.”


© Scoop Media

Culture Headlines | Health Headlines | Education Headlines


Electronica: Restoring The World’s First Recorded Computer Music

University of Canterbury Distinguished Professor Jack Copeland and UC alumni and composer Jason Long have restored the earliest known recording of computer-generated music, created more than 65 years ago using programming techniques devised by Alan Turing. More>>


Scoop Review Of Books: Almost Getting Away With Murder

The Black Widow by Lee-Anne Cartier: Lee-Anne Cartier is the sister of the Christchurch man found to have been murdered by his wife, Helen Milner, after an initial assumption by police that his death, in 2009, was suicide. More>>

Howard Davis: Triple Echo - The Malevich/Reinhardt/Hotere Nexus

Howard Davis: The current juxtaposition of works by Ralph Hotere and Ad Reinhardt at Te Papa perfectly exemplifies Jean Michel Massing's preoccupation with the transmigration of imagery in a remarkable triple echo effect... More>>

Scoop Review Of Books: Nō Tāu Manawa

Vaughan Rapatahana responds to Fale Aitu | Spirit House by Tusiata Avi: "fa’afetai Tusiata, fa’afetai, / you’ve swerved & served us a masterclass corpus / through graft / of tears & fears..." More>>

9 Golds - 21 Medals: NZ Team Celebrates As Rio 2016 Paralympic Games Close

The entire New Zealand Paralympic Team, led by kiwi sprinter and double gold medallist Liam Malone as flag bearer, are on the bus to the Maracanã Stadium in Rio de Janeiro for the Closing Ceremony of the Rio 2016 Paralympic Games. There, they will celebrate the fantastic successes of the past 10 days. More>>


New Zealand Improv Festival: The Festival Of Moments To Return To The Capital

The eighth incarnation of the New Zealand Improv Festival comes to BATS Theatre this 4-8 October , with a stellar line-up of spontaneous theatre and instant comedy performed and directed by top improvisors from around New Zealand and the world. More>>


Get More From Scoop



Search Scoop  
Powered by Vodafone
NZ independent news