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


Bigger Student Loans Driving Graduates Overseas

Bigger Student Loans Driving Graduates Overseas

The New Zealand University Students’ Association (NZUSA) is describing today’s news that graduates overseas have much bigger debts than those at home as major evidence linking student loans to a brain drain of our best and brightest.

“The $7000 average gap in debt between those who have left and those who have stayed shows that big debts are a factor in driving much needed graduates overseas, “ said 2003 NZUSA President Fleur Fitzsimons.

Overseas borrowers owed an average of $19,880 compared to $12,980 for resident borrowers, according to the figures released by Statistics New Zealand.

“Successive governments have tried to deny that the loans scheme contributes to workforce shortages, “ said Fitzsimons. “This new information from the Data Integration Project shows that government needs to come out of denial and start fixing this major problem.”

With higher borrowing in post-graduate study, it looks likely that the big debtors leaving New Zealand are the ones most needed to drive the knowledge economy that the government wants us to become.

“It’s no coincidence that graduates overseas have much bigger debts. They are leaving to work in high wage economies overseas rather than stay in New Zealand and barely cover their interest charges,” said Fitzsimons.

“The government needs to scrap the loans scheme and give these graduates a reason to come home. This new information only adds to the growing mound of evidence that the loans scheme is a disaster.”

© Scoop Media

Culture Headlines | Health Headlines | Education Headlines


Howard Davis Review: The Minstrel in The Gallery - Sam Hunt's Selected Poems

Perhaps the most striking aspect of Sam Hunt's poetry is its quality of urgent authenticity. Encountering this latest compilation, the reader is immediately struck by its easy accessibility, tonal sincerity, and lack of linguistic pretension ... More>>

A Matter Of Fact: Truth In A Post-Truth World

How do we convincingly explain the difference between good information and misinformation? And conversely, how do we challenge our own pre-conceived notions of what we believe to be true? More>>


Scoop Review Of Books: The Road To Unfreedom

Valerie Morse: Yale professor of history Tim Snyder publishes a stunning account of the mechanisms of contemporary Russian power in US and European politics. In telling this story he presents both startling alarms for our own society and some mechanisms of resistance. More>>


Doing Our Bit: An Insider's Account Of New Zealand Political Campaigning

In 2013, Murdoch Stephens began a campaign to double New Zealand’s refugee quota. Over the next five years he built the campaign into a mainstream national movement – one that contributed to the first growth in New Zealand’s refugee quota in thirty years. More>>

Te Papa: Two Reviews Into Care For Collections

Te Papa will take additional time to consider the best way to deliver its collections care function, including undertaking an independent review into the care of its natural history collections. More>>



  • Wellington
  • Christchurch
  • Auckland