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


Student loans to blame for brain drain

8 December 2004

More research confirms student loans to blame for brain drain

Figures released today from the Australian-New Zealand Graduate Careers Survey show that 31 percent of this year’s graduates will leave New Zealand to work overseas and that 67 percent will work in another country by the time they are 30 years old.

“This is yet another piece of research that confirms high student loan debt is driving New Zealand graduates overseas,” said Fleur Fitzsimons, Co-President of the New Zealand University Students’ Association (NZUSA). “Steve Maharey and the government need to stop denying the problems associated with student debt and admit that the student loan scheme was a failed experiment.”

The recent Student Loan Scheme Annual Report showed that the higher a borrowers debt, the more likely they are to go overseas and that 60 percent of those who have left New Zealand with a student loan since the scheme began are still overseas.

“A number of studies conducted by students, unions and demographers confirm student loans are driving our best and brightest overseas. Our 2003 study with the New Zealand Nurses Organisation showed 60 percent of respondents considered going overseas because of their student loan debt,” said Fitzsimons.

“The brain drain will get even worse once the tuition fee rises for 2005 kick in. If government really want a knowledge society, they need to introduce a living allowance for every student and make fees go down, not up.”


© Scoop Media

Culture Headlines | Health Headlines | Education Headlines

Howard Davis Review: Another Time, Another Place - David Friesen Trio Live

"It has been said of David Friesen that he does for the art of bass playing what Pythagoras did for the triangle" - Patrick Hinley, Jazz Times. More>>

Howard Davis Review: The Father - Descending Into The Depths of Dementia

Florian Zeller's dazzling drama The Father explores the effects of a deeply unsettling illness that affects 62,000 Kiwis, a number expected to grow to 102,000 by 2030. More>>

Howard Davis Review: Blade Runner Redivivus

When Ridley Scott's innovative, neo-noir, sci-fi flick Blade Runner was originally released in 1982, at a cost of over $45 million, it was a commercial bomb. More>>

Scoop Review Of Books:
Jenny Abrahamson's John & Charles Enys: Castle Hill Runholders, 1864-1891

This volume will be of interest to a range of readers interested in the South Island high country, New Zealand’s natural environment, and the history of science. More>>