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


Student Debt hits $8 billion

Student Debt hits $8 billion

Total student loan borrowing will hit $8 billion today according to information released to the New Zealand University Students’ Association (NZUSA) under the Official Information Act.

“Eight billion dollars in student debt is staggering. Student debt is a serious threat to our society and economy and can no longer be ignored,” said Andrew Kirton, Co-president of the New Zealand University Students’ Association (NZUSA).

“The fact that student debt has reached eight billion dollars three days before the General Election is a reminder to voters to ensure they vote for a party committed to reducing student debt,” said Kirton.

“Student debt is forcing the very graduates we need here overseas, it is making it increasingly difficult for young couples to own their own home and is delaying people from having children,” said Camilla Belich, Co president of NZUSA.

The $8 billion debt milestone comes just one week after a Colmar Brunton poll was released that found that 74% of New Zealanders believe more students should receive a student allowance and three weeks after a similar Colmar Brunton poll found that 76% of New Zealanders think the student loan interest rate is too high.

“The burden of student debt for the one in ten New Zealanders (460,000) with a student loan will be reduced by giving more students a student allowance, wiping interest on student loans and reducing tertiary fees. It’s that simple,” said Belich.

“Voters must ensure a government is elected this Saturday that will deliver for students, graduates and their families,” said Belich.

This Wednesday, students will be active on campuses around the country promoting the detrimental effects of the eight billion dollar student debt crisis.


© Scoop Media

Culture Headlines | Health Headlines | Education Headlines


Scoop Review Of Books: Salt River Songs by Sam Hunt

Colin Hogg, a longtime comrade of Sam, writes in his Introduction that, ‘There is a lot of death in this collection of new poems by my friend Sam Hunt. It’s easier to count the poems here that don’t deal with the great destroyer than it is to point to the ones that do.’ More>>

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>>


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>>


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>>


Get More From Scoop



Search Scoop  
Powered by Vodafone
NZ independent news