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


Maharey's Latest Move Will Increase Student Debt

Monday 17 Dec 2001

ACT Tertiary Education Spokesman Dr Muriel Newman says increasing the interest write-offs will plunge our students deeper into debt.

"Contrary to what Steve Maharey has tried to say, his Government's zero interest while studying policy has led to increased student debt and a higher number of loans.

"Answers to my written parliamentary questions show that the average student loan taken out in 1999 was $4,974, rising to $5,898 last year and $6,121 for the average student loan taken out this year, up to the end of October.

"Further answers to my questions show that in 1999 there were 115,267 student loans taken out, rising to 133,577 last year and 142,329 this year, up to the end of October.

"Outstanding student loans are growing as well. Last year the average size of the outstanding loan had risen to $12,342, from $11,519 a year earlier and $10,136 in 1998.

"Both Treasury and the Tertiary Education Advisory Commission advised against removing interest while studying, as they believed it would increase student debt. Even though they have been proven right, Mr Maharey has proceeded with this latest move which will make the problem worse.

"Luring students into taking bigger loans is absolutely wrong. Mr Maharey and his Government will leave even more of our young with a legacy of even heavier debt," Dr Newman said.


© Scoop Media

Parliament Headlines | Politics Headlines | Regional Headlines

Gordon Campbell: On The Claims About The CPTPP

As a Tufts study usefully explained, some of the basic mechanisms of the original TPP (and the CCTPP is not radically different in this respect) would – in practice – contribute to income inequality, by further tilting the existing imbalance between those reliant on profit-taking as a source of income, and those reliant on wages...

Under the original TPP deal, the Tufts team estimated, 5,000 jobs would have been lost across New Zealand. More>>


Growing The Regions: Provincial Growth Fund Open For Business

The new $1 billion per annum Provincial Growth Fund has been officially launched in Gisborne today by Regional Economic Development Minister Shane Jones. ... More>>


22/2: Earthquake Memorial Service In Christchurch

"The theme of this year's service, 'Keeping their dreams alive" helps us look back at all that we've lost with a sense of hope and aspiration for the future,'' says the Mayor. "It also helps us to recall all those who came to our rescue and those who offered support at our time of need and what that meant to us." More>>


Submissions Closing: Mangroves Bill 'Designed To Bypass RMA'

Forest & Bird is releasing emails which show the Mangroves Management Bill is intended to completely override the safeguards of the Resource Management Act (RMA). More>>


EQC Shakeup: Chair Of Earthquake Commission Has Resigned

The Chair of the Earthquake Commission, Sir Maarten Wevers, has resigned following receipt of a letter from Minister Responsible for the Earthquake Commission, Dr Megan Woods expressing her displeasure with the performance of the Commission ... More>>


NZer Of the Year: Gender Pay Equity Activist, Kristine Bartlett – A Brilliant Choice

National Council of Women (NCWNZ) CEO and Gender Equal NZ Spokesperson, Dr Gill Greer says she’s delighted with news that equal pay champion, Kristine Bartlett, has been named New Zealander of the Year . More>>


Perceived Transparency: New Zealand #1 Least Corrupt Public Sector In The World

New Zealand's public sector is ranked the least corrupt in the world, according to Transparency International's 2017 Corruption Perceptions Index (CPI) released globally today. More>>


Reviews: Three-Year Work Programme For Education

The work programme includes the NCEA review, a review of Tomorrow’s Schools, developing a future-focused Education Workforce Strategy, a continuous focus on raising achievement for Māori and Pasifika learners, an action plan for learning support, an early learning strategic plan, a comprehensive review of school property. More>>





Featured InfoPages