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

 

Student loan repayment threshold still too low

Student loan repayment threshold still too low


The New Zealand University Students’ Association (NZUSA) is unimpressed with the new student loan repayment threshold of $15,964, which is only $468 higher than the 2002 threshold.

“Student loan borrowers earning above this low level will be hit with 10% repayments on all their inome above $15,694,” said 2003 NZUSA Co-President Fleur Fitzsimons. “In Australia, payments start only when borrowers earn the average wage and start at only 3% of income above this.”

“A repayment threshold just above benefit levels is a miserly pre-Christmas announcement,” said Fitzsimons. “Our government needs to look to fairer loan schemes overseas and recognise that they are taking loan repayments off some of our lowest earners. Student loan repayments from $16,000 are simply a tax on the poor.”

NZUSA is looking to the long-awaited review of student support to offer some hope to low-income earners with student loans.

“Government promised at the election that they would overhaul the loans scheme to make it fairer. We’ve still heard little, and the new repayment threshold will apply until April 2004. How many years do we have to wait to see a fairer system of student support?” asked Fitzsimons.


ENDS

For further information
Fleur Fitzsimons, 2003 NZUSA Co-President
Cell: 021 899 430

© Scoop Media

 
 
 
Culture Headlines | Health Headlines | Education Headlines

 

Reuben Moss' Property is Theft! & Kaitani at The Physics Room

Property is Theft! continues Moss’ interest in the contemporary urban environment as a space controlled by pulsing and unequal flows of capital and labour. Kaitani features work by the University of Canterbury Fijian Students Association and Kulimoe’anga Stone Maka. More>>


Handcrafted Form: Rare Treasures From Japan

This unique exhibition at Expressions Whirinaki represents 90 everyday objects made by contemporary Japanese artisans who employ various traditional craft techniques made in regional workshops. The works used in daily life are crafted from raw materials with techniques appropriate to bringing out the best of its medium, balancing ease of use with aesthetic appeal. More>>

Howard Davis Article: A Musical Axis - Brahms, Wagner, Sibelius

Brahms' warm and exquisitely subtle Symphony No. 3 in F major, Wagner's irrepressibly sentimental symphonic poem Siegfried Idyll, and Sibelius' chilling and immensely challenging Violin Concerto in D minor exemplify distinct stages of development in a tangled and convoluted series of skirmishes that came to define subsequent disputes about the nature of post-Romantic orchestral writing well into the following century. More>>

Scoop Review Of Books: A Pale Ghost Writer

Reviewed by Ruth Brassington, Richard Flanagan's new novel is about a novelist hastily ghost-writing the biography of a crook about to go to trial. The reader is kept on a cliff-edge, as the narrator tries to get blood out of his stone man. More>>

New Zealand Wars Commemoration: Witi Ihimaera's Sleeps Standing Moetū

The second of several articles to mark Rā Maumahara, remembering the New Zealand Land Wars. The first was a Q&A with Vincent O’Malley, author of The Great War for New Zealand: Waikato 1800–2000. More>>

ALSO:

 
 
 
 
 

LATEST HEADLINES

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