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

 


Nats rebates will not solve student debt crisis

Camilla Belich & Andrew Kirton NZUSA Co-presidents

Nats loan rebates will not solve student debt crisis

Students are warning that the National Party's new rebates for interest repayments on loans will not keep graduates in New Zealand or effectively target the $7 billion dollar student debt monster.

"The reason total student debt is well over $7 billion is because of lack of access to allowances and high fees. This policy will not be successful if, at the same time, student fees continue to grow," said Camilla Belich, Co-President of the New Zealand University Students' Association (NZUSA).

"This policy also does little to help those who would really benefit from a debt write off. Mums and Dads at home taking time out of the workforce will not benefit from this policy, neither would those on low incomes. It is a policy essentially of tax rebates for the rich," Belich said.

Don Brash announced a policy this afternoon targeted at keeping graduates in New Zealand. The rebate works by giving borrowers making repayments a rebate on part of their interest that would then be paid directly onto the principle of their loan.

"It is important to see this rebate scheme for graduates in context. When National was last in power student allowance eligibility went down from 85% in 1990 to 36% in 1999 and student fees for university students more than doubled over the same period," said Andrew Kirton, Co-President of NZUSA.

"National refuses to commit to increasing eligibility to student allowances and have not ruled out fee increases. Students and graduates will be seeking a greater commitment to student support before unpacking their bags," Kirton said.

Ends

© 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>>

ALSO:

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>>

ALSO:

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>>

ALSO:

Get More From Scoop

 
 

LATEST HEADLINES

 
 
 
 
Education
Search Scoop  
 
 
Powered by Vodafone
NZ independent news