Parliament

Gordon Campbell | Parliament TV | Parliament Today | Video | Questions Of the Day | Search

 

Student Loan Interest Rate Freeze A Positive Move

The Alliance is pleased the government has frozen the student loan interest rate and is reviewing all aspects of the student loans scheme.

"I am delighted the Labour/Alliance government has refused to follow National's student loan interest rates formula and increase interest rates for this year," Alliance education spokesperson Dr. Liz Gordon said.

"If we had followed National's formula for fixing student loan interest rates they would have increased to 7.6%. Instead the rate will be frozen at 7% pending a review of the student loans scheme.

"Under National student loan interest rates were kept at an obscene level. They initially set them in an ad hoc manner but in later years they invented a 'formula' for the rates that guaranteed they stayed high.

Dr Gordon believes the review of the student loans scheme will allow aspects such as comparisons of international loan schemes to be investigated.

"I am sure the review of the student loans scheme will be looking at comparative interest rates of student loans schemes around the world. This is something that National never dared to do.

"In the UK and Australia student loans interest rates are around the level of inflation. If British and Australian students can have interest rates of 2% how does it help our competitiveness if New Zealand students pay 7%?

"Today's announcement is further proof that this government is not content to sit back and let the cost of education skyrocket further," Dr Liz Gordon said.

ENDS

© Scoop Media

 
 
 
Parliament Headlines | Politics Headlines | Regional Headlines

Gordon Campbell: On The Tax Working Group’s Road Map

Trying to analyse the interim report on the Tax Working Group (TWG) is like trying to review an entire All Blacks game, but at the half- time mark.

With so much still to be finalised, Sir Michael Cullen and his colleagues are going to need all the All Blacks’ fabled finishing skills to get a coherent, fiscally neutral package together by the February 2019 deadline. More>>

 

Meth Testing Report: Housing NZ "To Right Wrong"

Phil Twyford “Housing NZ acknowledges that around 800 tenants suffered by either losing their tenancies, losing their possessions, being suspended from the public housing waiting list, negative effects on their credit ratings or, in the worst cases, being made homeless.” More>>

ALSO:

No Reshuffle: Meka Whaitiri Removed As A Minister

Meka Whaitiri will be removed as a Minister with immediate effect... The decision was made after receiving a report into an incident that occurred on 27 August in Gisborne, involving Meka Whaitiri and one of her staff. More>>

ALSO:

Pay Equity Bill: Making History For Women’s Pay

The Equal Pay Amendment Bill, introduced to the House today, will make it easier for workers to make a pay equity claim , using a more simple and accessible process within New Zealand’s existing bargaining framework. More>>

ALSO:

Suffrage 125: NZ A Trailblazer For Women

“We acknowledge the work of Kate Sheppard, Meri Te Tai Mangakāhia, and all of the suffragists who tirelessly campaigned for the vote… Today we also need to ask each other: how we can continue to make our country a fairer and better place to continue the legacy of the suffragists.” More>>

ALSO:

Asylum: Refugee Quota Increasing To 1500

“The quota increase will take place from July 2020. In the meantime, we will work to increase the number and spread of refugee resettlement and support services. We need to make sure we’re prepared for this change in policy.” More>>

ALSO:

 
 
 
 
 

LATEST HEADLINES

  • PARLIAMENT
  • POLITICS
  • REGIONAL
 
 

InfoPages News Channels