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

 
Chiptunes: Recreating Christmas Carols From Alan Turing's Computer

New Zealand researchers have recreated what is thought to be the first computer-generated Christmas music – exactly as it would have sounded on Alan Turing’s computer. More>>

ALSO:

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>>

 
 
 
 
 

LATEST HEADLINES

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