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


Alliance Pleased With Holding Student Loan Rates

Alliance Pleased With Holding Student Loan Interest Rates

The decision to continue to hold interest rates on student loans is a good example of the contribution the Alliance can make by being constructive and co-operative in the Coalition Government, Alliance leader and Deputy Prime Minister Jim Anderton says.

The government today announced that the ‘headline’ interest rate for the student loan scheme will be held at 7 percent for the third consecutive year.

"Under the previous National-led Government, student loan interest rates were set using a formula that guaranteed high interest rates.

“The Alliance has strongly advocated that the cost of education must not rise. There is no way the Alliance could agree to an increase in the cost of tertiary education.

“The cost of tertiary education is one of the biggest concerns to New Zealand families. The level of fees and student debt is a barrier to study and it holds back New Zealand’s economic development at a time when employers all over the country are complaining of a skills shortage.

“Holding the interest rate on loans will help to reduce the cost of education in real terms and it will mean students are able to pay off loans slightly faster,” Jim Anderton said.


© Scoop Media

Parliament Headlines | Politics Headlines | Regional Headlines

Werewolf: What Does Winston Peters Want His Legacy To Be?

A lot of people in New Zealand seem to resent Winston Peters and the power that he appears to have. “Appears” being the operative word. In reality, Peters will have power only up to the point that he uses it.

By next week, he’ll have become just another junior player in an MMP governing arrangement, battling to hold onto the gains he was promised. More>>


Rising Toll: Road Safety Needs To Be A Higher Priority

Official advice released to the Green Party under the Official Information Act shows that the previous National Government dismissed an option to make road safety its most important transport priority after being told the road toll was rising. More>>


Wellington.Scoop: Arrests At Blockade Of "Weapons Expo"

“We encourage people in Wellington to get down to the Westpac Stadium now for a day of awesome peace action. There will be plenty of food, music and activities to keep us sustained through the day.” More>>


Rorschach Restructuring: PSA Taking Inland Revenue To Court Over Psychometrics

The Public Service Association will be seeing Inland Revenue in Employment Court over its intention to psychometrically test employees reapplying for their roles at the department as part of its controversial Business Transformation restructuring plan. More>>


Nuclear Disarmament: Nobel Peace Prize 2017 Awarded To ICAN

Congratulations from iCAN Aotearoa New Zealand to international iCAN, the other iCAN national campaigns and partner organisations, and the countless organisations and individuals who have worked so hard for a nuclear weapons-free world since 1945. More>>


Expenses: Waikato DHB CEO Resigns

An independent inquiry has identified that Dr Murray had spent more than the agreed $25K allocated for relocation costs, and other unauthorized expenses involving potential financial breaches of the chief executive’s obligations. More>>


Wellington.Scoop: Sad About The Trolley Buses?

The Regional Council’s MetLink is today spending money to tell us that it really loves Wellington’s trolley buses, even though they’re all being taken off our roads by the end of this month. More>>


Post-Election: Preliminary Coalition Talks Begin

New Zealand First will hold post-election preliminary discussions in Wellington with the National Party tomorrow morning and the Labour Party tomorrow afternoon. More>>




Featured InfoPages

Opening the Election