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


The Myth of Average Student Loans

The Myth of Average Student Loans

The Aotearoa Tertiary Students’ Association (ATSA) takes issue with the government claim that “the average Student Loan balance at 30 June 2002 was $12,643.” This figure is misleading and paints an unclear picture of real Student Loan Debt. Because there are so many variables involved, an average loan based on all borrowers is simply not credible. “New Borrowers, those who have almost repaid, and the whole range in between, can contribute to a lower looking average,” said Julie Pettett, President of ATSA. “The solution is to use the average debt of particular groups, such as recent graduates or graduates by qualification.”

“When buying a home in Auckland you do not look at the National house price,” said Pettett. “In the same way, to see the effect of Student Debt on graduates, we need to look at the average borrowing by graduates and the national average of all.”

“Both the Education Select Committee and the Auditor General have clearly stated that better reporting is required and the government has committed to doing that,” said Pettett. “ATSA believes this must include averages that will enable the public to have a real picture of the Student Loan Scheme.”

“ATSA is asking for clear and reflective reporting to remove the illusion the current ‘average’ Student Loan debt figure creates.”

© 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