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

 


Improved Student Loan Reporting To Be Introduced

Strengthened reporting requirements improving the information publicly available about the student loan scheme are to be introduced, Associate Education (Tertiary Education) Minister Steve Maharey said today.

Mr Maharey said Ministers had carefully considered the June 2000 report of the Controller and Auditor-General into the publicly available accountability information about the student loan scheme and had taken a series of decisions. New requirements will include reporting against a new series of socio-economic indicators and improved debt level forecasting to take into account those borrowers who are expected to default on their loan.

"The Government agrees with the Auditor-General that there has been insufficient information publicly available about the student loans scheme. From this year new information is to be made publicly available and we are working to further improve the usefulness of the data collected by several agencies.

"The measures include:
* the Student Loan Scheme Annual Report will be tabled in Parliament annually, as recommended by the Auditor-General's report;
* details about the amount borrowed by students and the level of repayments will be published on the Inland Revenue (IRD) and Department of Work and Income (DWI) websites quarterly;
* we have asked for work to be undertaken on integrating the data collected by DWI, IRD and the Ministry of Education so that the socio-economic and educational outcomes of the scheme can be included in the annual report. This investigation, due to be completed by April, will also consider the privacy and logistical issues associated with data integration; and,
* several agencies have responsibilities for the loans scheme. The Government has asked each agency to review its role and to identify accountability gaps which need closing. This advice is due with Ministers shortly.

"Students and graduates now owe $3.5b in student loan debt. This new series of reporting requirements will ensure proper and accurate information is readily available about the loans scheme," Steve Maharey said.

Ends

© Scoop Media

 
 
 
 
 
Parliament Headlines | Politics Headlines | Regional Headlines

 

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>>

ALSO:

Wellington: Predator Free Capital Plan

Wellington City Council (WCC), the Greater Wellington Regional Council (GWRC) and NEXT Foundation, today announced a joint collaboration to make Wellington the first Predator Free capital city in the world. More>>

ALSO:

Gordon Campbell: On Judith Collins’ Efforts At Self Correction

Thousands of prisoners currently in prison may be entitled to an earlier release than expected – and compensation – because Corrections has incorrectly calculated their term of imprisonment. Unless of course, the government buries its mistakes by changing the law and retro-actively getting itself off the hook… More>>

ALSO:

More Justice & Corrections

Sector Opposes Bill: Local Government Bill Timeframe Extended

The Minister of Local Government Peseta Sam Lotu-Iiga has asked the Select Committee to extend the report back date for the Local Government Act 2002 Amendment Bill (No 2). More>>

ALSO:

Breed Laws Don’t Work: Vets On New National Dog Control Plan

It is pleasing therefore to see Louise Upston Associate Minister for Local Government calling for a comprehensive solution... However, relying on breed specific laws to manage dog aggression will not work. More>>

ALSO:

Not Waiting On Select Committee: Green Party Releases Medically-Assisted Dying Policy

“Adults with a terminal illness should have the right to choose a medically assisted death,” Green Party health spokesperson Kevin Hague said. “The Green Party does not support extending assisted dying to people who aren't terminally ill because we can’t be confident that this won't further marginalise the lives of people with disabilities." More>>

ALSO:

General Election Review: Changes To Electoral Act Introduced

More effective systems in polling places and earlier counting of advanced votes are on their way through proposed changes to our electoral laws, Justice Minister Amy Adams says. More>>

Get More From Scoop

 

LATEST HEADLINES

 
 
 
 
 
 
 
 
 
Parliament
Search Scoop  
 
 
Powered by Vodafone
NZ independent news