Parliament

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

Gordon Campbell: On Bridges’ ‘Meth Crooks’ Leadership Failure

Back in June, Bridges publicly accepted that Housing NZ had got it wrong, and that the National government had acted upon bad advice.

Now, you’d think this admission would create a broad bi-partisan basis for compensation to those families who had been unfairly evicted, at considerable cost and emotional distress. Some people had lost their possessions in trying to meet the expense of the upheaval.

Not everyone felt so compassionate. More>>

 

General Assembly: Ardern Rejects Trump Call For War On Drugs

New Zealand will not be signing the United States' document calling for global action on the war on drugs, Prime Minister Jacinda Ardern says. Ms Ardern is in New York for the United Nations General Assembly this week, along with about 140 other world leaders. More>>

ALSO:

Pay Equity: Cabinet Funds Deal For Oranga Tamariki Social Workers

The Minister said that an agreement in principle has been reached between Oranga Tamariki and the PSA on a settlement worth $114.6m over five years. More>>

ALSO:

Hunting v Pest Control: Tahr Control Needed To Protect Alpine Habitats

A cull of introduced Himalayan tahr browsing conservation land in Kā Tiritiri o Te Moana/ the Southern Alps is needed to protect special alpine plants and their habitats, Conservation Minister, Eugenie Sage said. More>>

ALSO:

Protest At Sea: Judge Discharges Greenpeace Activists

The judge today discharged Norman and Howell without conviction, saying the cumulative consequences of a conviction would be out of proportion to what was “low level” offending off the Wairarapa coast in April 2017. 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:

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