Parliament

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

 

Cost Of Tertiary Education Has Come Down

4 March 2002 Media Statement

Prebble Gets It Wrong Again – The Cost Of Tertiary Education Has Come Down

Facts are getting in the way of Act leader Richard Prebble’s attempts to mislead students about the impact of the government’s no-interest-while-studying policy.

A media statement issued by Mr Prebble this afternoon criticises Auckland Issues Minister Judith Tizard for correctly telling students that they have saved $14.3m in interest charges which would have been added to their loans under a National-Act government. He goes on to incorrectly claim that graduate debts are getting much larger.

Associate Education (Tertiary Education) Minister Steve Maharey said he is happy to put Richard Prebble right.

“Students know that Labour and the Alliance have invested a lot of money in them to keep our promise to cut the cost of tertiary education – in fact a total of $800m is being invested over four years.

“This is having a real impact. In the year to June 2001 the average student loan actually decreased in real terms for the first time in the life of the loans scheme. In cash terms the average loan that month – at $12,496 – was only 0.7% higher than the previous year.

“Richard Prebble claims that students are paying interest on a much larger debt after they graduate – the facts prove him wrong.

“The number of students using the loans scheme has increased slightly in recent years – as has the total debt owed – but the changes Labour and the Alliance introduced mean that average debts at graduation are lower and are being paid much quicker and growth in overall student debt has slowed from a 50% increase in one year in the mid-1990s to around 15% today.

“As an unelectable party Act is in the lucky position of never having to implement their policies which is presumably why they are still advocating tax cuts as some kind of debt relief measure. Of course this is a nonsense since tax cuts would reduce the revenue available to the government to hold and lower fees and to stop the interest accumulating on students Mr Prebble and Act were happy to support during the 1990s,” Steve Maharey said.

Ends

© Scoop Media

 
 
 
Parliament Headlines | Politics Headlines | Regional Headlines

Gordon Campbell: Zimbabwe - Meet The New Bosses

At 75, Mnangagwa is not exactly what you’d call a new broom. As many observers have pointed out, his track record has been one of unswerving dedication to Mugabe ever since the days of anti-colonial insurgency...

The falling out with Mugabe two weeks ago came only after Mugabe attempted to build a dynastic succession around his wife, Grace. Mnangagwa fled to South Africa, from where he orchestrated an Army coup led by his long–time ally, General Constantino Chiwenga, head of the country’s armed forces. To these guys, things had to change in Zimbabwe, so that things could remain the same. More>>

 

Cullen To Chair: Tax Working Group Terms Of Reference Announced

Finance Minister Grant Robertson and Revenue Minister Stuart Nash today announced the Terms of Reference for the Tax Working Group and that the Group will be chaired by Sir Michael Cullen. More>>

ALSO:

Gordon Campbell: On The New Pike River Agency (And The Air Strike Wing)

Much of the sympathy the public still feels for the families of the Pike River miners has been sustained by the sense that the previous government – let alone the mining company and the processes of receivership and litigation – has never dealt honestly, or fairly, with them. More>>

ALSO:

Not Going Swimmingly: Contractor Cut, New Dates For Christchurch Sports Centre

“As an incoming Minister, I have been conducting a thorough review of progress on the Anchor projects and to learn of a $75 million budget blowout on this project was very disappointing..." More>>

ALSO:

Tertiary: Allowances, Loan Living Costs To Get Boost

“From 1 January, student allowance base rates and the maximum amount students can borrow for living costs will rise by a net $50 a week,” says Education Minister Chris Hipkins... further adjusted from 1 April 2018 in line with any increase in the CPI. More>>

ALSO:

Foreign Affairs: Patrick Gower Interviews Jacinda Ardern

Prime Minister Jacinda Ardern says discussions have already begun on how to bring climate change refugees into New Zealand under a Pacific seasonal employment plan... More>>

ALSO:

Gordon Campbell: On The Centre Right’s Love Of ‘Nanny State’

You’d almost think it was 2005 again. That was a time when the rugged individualists of the centre-right were being beset by government regulations on the nature of light-bulbs, the size of shower heads, the junk food available at school tuck shops and other such essentials... More>>

 
 
 
 
 

LATEST HEADLINES

  • PARLIAMENT
  • POLITICS
  • REGIONAL
 
 

Featured InfoPages

Opening the Election