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

 

Seven Billion Dollars Too Much


Seven Billion Dollars Too Much

As Student Debt reaches 7 Billion dollars, Otago Polytechnic Student’s Association is giving the students a free lunch and a chance to write about their part of this seven billion dollar burden. Otago Polytechnic Students’ Association President Rachel Dibble said today, “ The student debt scheme is a burden on generations of graduates.”

Student debt is not only a burden on individual graduates but also a debt on our country’s future. This impacts on the New Zealand economy and the wider community. People are delaying having children, increasing numbers of graduates are forced overseas, and higher numbers of graduates are not getting mortgages because of student debt.

A large cause of the $7 billion dollar debt is because over two thirds of students are not eligible for a living allowance. “In other words,” said Dibble “borrowing to live means debt for life.”

Students are calling on the government to stop this ballooning debt by implementing a universal living allowance. “Students are not asking for the moon but simply the equivalent of the dole while studying” said Dibble.

Students will be greatly disappointed if there are not significant changes to the allowance eligibility criteria in the upcoming budget. Students will today be invited to write on a Debt Banner while enjoying a lunch that is not adding to their student debt.

© Scoop Media

 
 
 
Culture Headlines | Health Headlines | Education Headlines

 
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>>

Scoop Review of Books: Christopher Pugsley’s The Camera in the Crowd - Filming in New Zealand Peace and War 1895-1920

Pugsley brings to life 25 exhilarating years of film making and picture screening in a sumptuously illustrated hardback published by Oratia that tells the story through surviving footage unearthed from the national film archives. More>>

 
 
 
 
 

LATEST HEADLINES

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