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

 


ACT delivers answer to student debt concerns

ACT delivers answer to student debt concerns

Friday 28 Jan 2005

Deborah Coddington - Press Releases - Education

Vote ACT this election to pay off your loan quicker after graduation, was ACT Education spokesman Deborah Coddington's message to students today.

The MP was responding to a New Zealand University Students' Association study that shows the average student debt has risen by 36 percent since 2001.

"ACT Leader Rodney Hide in his state of the nation address last week mooted dropping the top tax rate to 25c in the dollar - that would make a huge difference to any graduate trying to repay their loan," Miss Coddington said.

"A graduate earning $40,000 per year could add an extra $35.86 to the minimum student loan repayment. That would pay off the average loan of $14,547 in nearly half the time - four years instead of seven years and 11 months.

Miss Coddington said many graduates were finding it an almost impossible task paying off their loans while also paying Helen Clark's 39-cent envy tax. "Many will simply leave New Zealand to escape the millstone around their necks," she said.

"ACT wants to make it easier for graduates to pay off their student loans quicker so they can get on with their lives, whether that be to save for a house, have a family or set up a business," Miss Coddington said.

ENDS

© Scoop Media

 
 
 
 
 
Parliament Headlines | Politics Headlines | Regional Headlines

 

Breed Laws Don’t Work: Vets On New National Dog Control Plan

It is pleasing therefore to see Louise Upston Associate Minister for Local Government calling for a comprehensive solution... However, relying on breed specific laws to manage dog aggression will not work. More>>

ALSO:

Corrections Corrected: Supreme Court Rules On Release Dates

Corrections has always followed the lawful rulings of the Court in its calculation of sentence release dates. On four previous occasions, the Court of Appeal had upheld Corrections’ practices in calculating pre-sentence detention. More>>

ALSO:

Not Waiting On Select Committee: Green Party Releases Medically-Assisted Dying Policy

“Adults with a terminal illness should have the right to choose a medically assisted death,” Green Party health spokesperson Kevin Hague said. “The Green Party does not support extending assisted dying to people who aren't terminally ill because we can’t be confident that this won't further marginalise the lives of people with disabilities." More>>

ALSO:

General Election Review: Changes To Electoral Act Introduced

More effective systems in polling places and earlier counting of advanced votes are on their way through proposed changes to our electoral laws, Justice Minister Amy Adams says. More>>

Gordon Campbell: On Our Posturing At The UN

In New York, Key basically took an old May 2 Washington Post article written by Barack Obama, recycled it back to the Americans, and still scored headlines here at home… We’ve had a double serving of this kind of comfort food. More>>

ALSO:

Treaty Settlements: Bills Delayed As NZ First Pulls Support

Ngāruahine, Te Atiawa and Taranaki are reeling today as they learnt that the third and final readings of each Iwi’s Historical Treaty Settlement Bills scheduled for this Friday, have been put in jeopardy by the actions of NZ First. More>>

ALSO:

Gordon Campbell: On The Damage De-Regulation Is Doing To Fisheries And Education, Plus Kate Tempest

Our faith in the benign workings of the market – and of the light-handed regulation that goes with it – has had a body count. Back in 1992, the free market friendly Health Safety and Employment Act gutted the labour inspectorate and turned forestry, mining and other workplace sites into death traps, long before the Pike River disaster. More>>

Get More From Scoop

 

LATEST HEADLINES

 
 
 
 
 
 
 
 
 
Parliament
Search Scoop  
 
 
Powered by Vodafone
NZ independent news