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

 

Income Threshold Adjustment Inconsistent

A Government announcement yesterday that income thresholds for student loan repayments and interest write-offs will rise from next April has met with a mixed response from students. Student leaders point out the obvious inconsistency in adjusting the income threshold for student loans, but ignoring the parental income threshold for student allowances.

“The parental income thresholds have not been adjusted since they were introduced in 1992” said the incoming President of the Otago University Students Association, Roz Connelly. “It is unfair to adjust some benefits in line with inflation and not others. Every year the failure to inflation adjust the allowance threshold forces more and more low income students to borrow for their living costs.”

The parental income threshold refers to the level of income a student’s parents can earn before that student is no longer eligible for a student allowance. Currently if a student’s parents’ combined income is over $28,080 the student’s allowance abates. If parental income had been adjusted annually to take into account inflation, the income threshold would now be $32,222.

“Some students will undoubtedly benefit from the adjustment of the loan income threshold. Nevertheless it seems ironic that many students from lower income families are being forced to take student loans, when an adjustment of the parental income threshold would see them receive an allowance” said Ms Connelly.
ENDS

© Scoop Media

 
 
 
Culture Headlines | Health Headlines | Education Headlines

 


Howard Davis: Five Hidden Los Angeles Treasures (Part I)

The immense cultural diversity of LA provides an extraordinary variety of lifestyles and architecture. Here are five 'hidden' destinations where the discerning traveller can appreciate and enjoy this unique and constantly evolving metropolis. More>>


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

Produced in New Zealand with an $8 million budget, this musical comedy has been created with both locals and tourists in mind. More>>


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 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>>

Indycars: Dixon Wins Fifth US Championship

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

ALSO:

 
 
 
 
 

LATEST HEADLINES

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