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


Govt. Responsible For Increase In Student Debt

Govt. Responsible For Huge Increase In Student Debt Level - ACT

Thursday 24th Feb 2000 Muriel Newman Media Release -- Other

New Government policies look set to bankrupt the next generation, says ACT MP Dr Muriel Newman.

Dr Newman was responding to an answer to a written question from Tertiary Education Minister Steve Maharey that shows present forecasts for student loan applications are nearly fifty per cent higher now that Labour's 'no interest' policy has been introduced.

"Mr Maharey's policy is enticing thousands of students who wouldn't have normally taken a loan, to unnecessarily go into debt," Dr Newman said.

"In September 1999, there were 104,614 loans forecast for the period 1 January 2000 to 30 June 2000. After Labour's new policy, the figures were revised to 150,828. This is despite the fact that student enrolment numbers are basically remaining static.

"The growth in loan applications look set to push student debt levels over the $6 billion mark by the end of 2002 which is almost twice the speed originally forecast.

"Last year, Mr Maharey claimed that the 'crippling debt burden was forcing people to make perverse decisions and worrying some to the point of suicide', yet, now that he is in Government, he is putting in place policies to make the situation worse. This is the sort of U-turn that this Minister is becoming famous for," Dr Newman said.


For more information visit ACT online at http://www.act.org.nz or contact the ACT Parliamentary Office at act@parliament.govt.nz.

© Scoop Media

Parliament Headlines | Politics Headlines | Regional Headlines


Also, Loan Interest: Productivity Commission On Tertiary Education

Key recommendations include better quality control; making it easier for students to transfer between courses; abolishing University Entrance; enabling tertiary institutions to own and control their assets; making it easier for new providers to enter the system; and facilitating more and faster innovation by tertiary education providers... More>>


Higher Payments: Wellington Regional Council Becomes A Living Wage Employer

Councillor Sue Kedgley said she was delighted that the Wellington Regional Council unanimously adopted her motion to become a Living Wage employer, making it the first regional council in New Zealand to do so. More>>


Scoop Images:
Dame Patsy Reddy Sworn In As Governor-General

This morning Dame Patsy Reddy was sworn in as the New Zealand Realm’s 21st Governor-General. The ceremony began with a pōwhiri to welcome Dame Patsy and her husband Sir David Gascoigne to Parliament. More>>


Ruataniwha: DOC, Hawke's Bay Council Developer Take Supreme Court Appeal

The Department of Conservation and Hawke's Bay Regional Investment Company (HBRIC) are appealing to the Supreme Court over a conservation land swap which the Court of Appeal halted. More>>


With NZ's Marama Davidson: Women’s Flotilla Leaves Sicily – Heading For Gaza

Women representing 13 countries spanning five continents began their journey yesterday on Zaytouna-Oliva to the shores of Gaza, which has been under blockade since 2007. On board are a Nobel Peace Laureate, three parliamentarians, a decorated US diplomat, journalists, an Olympic athlete, and a physician. A list of the women with their background can be found here. More>>

Gordon Campbell: On The Key Style Of Crisis Management

At Monday’s post Cabinet press conference Key was in his finest wide- eyed “Problem? What problem?” mode. No, there wasn’t really a problem that top MPI officials had been at odds with each other over the meaning of the fisheries policy and how that policy should be pursued... More>>


Mt Roskill: Greens Will Not Stand In Likely Post-Goff By-Election

“The Green Party’s priority is changing the Government in 2017, and as part of that we’ve decided that we won’t stand a candidate in the probable Mt Roskill by-election... This decision shows the Memorandum of Understanding between Labour and the Green Party is working." More>>


Get More From Scoop



Search Scoop  
Powered by Vodafone
NZ independent news