Parliament

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

 

National's Key ignorant on loans rules - Mallard


National's Key ignorant on loans rules - Mallard


"John Key's statement on Labour's student loan policy shows that he is ignorant of all the checks and balances that have been introduced into the student loans scheme, to remove the level of abuse that National allowed when it was in government," Education Minister Trevor Mallard said today.

"Students will still have debt that they have to pay off so I do not expect Labour's policy to be an incentive for them to borrow more. In Budget 2005 we announced a beefed up student finance advisory service to ensure that students can get good financial advice.

"The way the loan scheme works, it is not possible to get lump sums or a large amount of money upfront or to do unlimited borrowing, so there is very little incentive to take out a loan for this reason.

"When people borrow under the scheme their fees are paid directly to the institution where they are studying, or paid to them if they can show they have paid directly to the institution. The living costs part is paid in weekly instalments, and only while you are studying.

"This is not the first time National has cried wolf.

"When the no interest while studying policy was implemented there were predictions of a massive increase in the number of borrowers. This did not eventuate, with only a slight increase.

"We will continue to review procedures around borrowing and make any changes as necessary to ensure loan balances are not being increased excessively.

"Borrowing must be for living costs (up to $150 a week for living costs while studying), fees and up to $1000 course costs. People with large loans are generally those in courses with high fees that involve long periods of study like medicine. "

"All our costings are based on forecasts and assumptions of behaviour, just like the policy of every other party," Trevor Mallard said.

© Scoop Media

 
 
 
Parliament Headlines | Politics Headlines | Regional Headlines

Gordon Campbell: On The Peters/Ardern Triumph

There are a lot of good reasons to feel joyful about this outcome. It is what so many young voters – the best hope for the country’s future – wanted.

Far more important than the implications for the Economy Gods ( is the dollar up or down? ) last night’s outcome will also mean many, many vulnerable New Zealanders will have a better life over the next three years at least.

Yet the desire for change was in the majority, across the country..>>>More


Reaction

Labour on its agreement |Peters: Post-Election Announcement Speech | Greenpeace “cautiously hopeful” about new Government | ACT - Madman on the loose | E tū ecstatic | Chamber welcomes the outcome | Greens on their joining Govt | EDS welcomes new govt | Immigrant groups worry | Feds ready to engage new coalition government | Labour Ministers of the Crown announced

 

Climate: Increasing Greenhouse Emissions Hit NZ

New Zealand is seeing impacts of excess greenhouse gas emissions in our climate and oceans, according to the latest national report from the Ministry for the Environment and Stats NZ about the state of the atmosphere and climate…More>>

ALSO:


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>>

ALSO:

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>>

ALSO:

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>>

ALSO:

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>>

ALSO:

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>>

ALSO:

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>>

 
 
 
 
 

LATEST HEADLINES

  • PARLIAMENT
  • POLITICS
  • REGIONAL
 
 

Featured InfoPages

Opening the Election