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

 

ACT to privatise student loans

Media Statement

For Immediate Release

Thursday 7th October 1999

ACT to privatise student loans

ACTs tertiary policy released today indicates their intention to privatise the student loan scheme" said Karen Skinner Co-President of the New Zealand University Students’ Association (NZUSA).

"I am shocked that any party would advocate such a destructive policy. Richard Prebble showed that he is prepared to leave access to tertiary education up to the whims of the market" said Ms Skinner.

"Private business should not be allowed to profit out of students. The loan scheme is meant to exist as a means for people without parental income to participate in tertiary education. This clearly shows that ACT exists for the benefit of business profit and not for students or the public.

"Privatisation would mean that financial institutions could deny some students loans if they deemed them to be to risky. This means students may not receive loans for certain courses of study, or if they come form lower socio-economic backgrounds. Recent research has shown that those from poorer schools are not coming to our Universities, ACTs policy would be the final nail in the coffin.

"Prebble said that privatisation would lower the interest rate – however at the moment the government has the ability to lower interest if they want to. Privatisation would mean that neither students nor the public would be able to influence the loan scheme or negotiate for better conditions.

"Under privatisation interest is in fact likely to rise" said Ms Skinner. "The government has admitted that student loans is unsecured debt, which means that if financial institutions were willing to take on debt, they would be likely to charge high interest rates to cover their risk.

"ACTs overall tertiary policy is yet another reason for students and the public to reject ACT in the upcoming election" concluded Ms Skinner

For further comment contact:

Karen Skinner

NZUSA Co-President

025 86 86 73 or 04 498 2500.




© Scoop Media

 
 
 
Culture Headlines | Health Headlines | Education Headlines

 

Don't Miss The 2019 Jazz Gala Tour

Featuring renowned US rock drummer Gregg Bissonette, vocalist Glenn Walters, and UK trumpet Star Louis Dowdeswell in concert with the Rodger Fox Big Band. More>>

Tuia - Encounters 250: Te Papa Acquires Rare Painting Of Cook's Voyage

Te Papa announced today it has purchased William Hodges’ Waterfall in Dusky Bay with Maori Canoe for New Zealand’s national art collection. More>>

Resene Eighth Annual Architecture & Design Film Festival

This year’s line-up will showcase the most acclaimed and current films in architecture and design, including documentaries on this century’s finest architects, super stars in the design field and movements for environmental change. More>>

Ockhams: ‘Urgently Relevant’ Novel Wins NZ’s Richest Literary Award

Dame Fiona Kidman has won this year’s $53,000 Acorn Foundation Fiction Prize at the Ockham New Zealand Book Awards for her novel, This Mortal Boy, a work described by the judges as ‘moving, memorable, authentic and urgently relevant to our times.’ More>>

ALSO:

Comedy Festival: The Comedy Festival Is On

Binge on almost a full month of comedic delights, as the NZ International Comedy Festival runs from 2-26/5 in Auckland and Wellington. More>>

ALSO:

 
 
 
 
 

LATEST HEADLINES

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