Big student loan debt forcing students overseas - time for Progressive student debt relief policy

Statistics New Zealand research into student loan debt released yesterday proves students with big loan debts are being forced to leave New Zealand, Progressive Deputy Leader, Matt Robson said today.

"The fact that students resident overseas owe on average $8,880 more than those remaining in New Zealand proves that there is an urgent need to help graduates stay in New Zealand with incentives such as those offered by the Progressive student loan policy,” said Matt Robson.

Progressive launched their 'Freedom from debt' policy for the election two weeks ago. Progressive are campaigning for the government to pay student loan repayments for each year that student loan borrowers work in New Zealand after graduation, for 3 years.

"Our policy offers freedom from debt for 3 years to graduates staying to work in New Zealand. There is clearly a desperate need for this kind of assistance as statistics released yesterday show that those students going overseas have the biggest debt to repay.

"It is essential that New Zealand retain as many graduates as we can because there is now a global competition for skilled and talented workers. If we are to maintain and lift our living standards we need to work harder to keep qualified people here.

"Progressive believe in free tertiary education as an essential investment in our economic and social development. The student debt relief policy is one small step we believe can be achieved now, towards that goal," Matt Robson said.

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Gordon Campbell: On the Sony cyber attack

Given the layers of meta-irony involved, the saga of the Sony cyber attack seemed at the outset more like a snarky European art film than a popcorn entry at the multiplex.

Yet now with (a) President Barack Obama weighing in on the side of artistic freedom and calling for the US to make a ‘proportionate response’quickly followed by (b) North Korea’s entire Internet service going down, and with both these events being followed by (c) Sony deciding to backtrack and release The Interview film that had made it a target for the dastardly North Koreans in the first place, then ay caramba…the whole world will now be watching how this affair pans out. More>>