Parliament

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

 

The Government Is Not Selling Student Loans

Hon Max Bradford
Minister for Tertiary Education

24 June 1999

MEDIA RELEASE

The Government Is Not Selling Student Loans: Bradford

Minister for Tertiary Education Max Bradford said today that the Government had no intention of selling student loan accounts to the private sector.

Mr Bradford's comments come after claims from the Alliance that securitisation of student loans is being considered.

"I understand that over the past few years there have been a number of overtures made to the Government from financial organisations in relation to selling student loan accounts," Mr Bradford said.

"However, it is not an option being looked at by this government. The Alliance has got it wrong again and they are just trying to beat up another issue for election year," Mr Bradford said.

To ensure the student loan scheme continues to operate in an effective and fair manner the following issues were examined as part of a review last year:

· The use of student loan entitlements for non-education related purposes;
· The access of young students to student loans without parental consent;
· The burden of long student loan repayment periods for some borrowers;
· Size of total student loan debt.

"The option of securitisation has been mentioned in the review fleetingly. Many other options have also been mentioned in the review with the goal of reaching the above objectives," Mr Bradford said.

"During the review the Treasury advised that, "past work on securitisation has concluded that the cost of selling the risk posed by the student loan asset outweighs any benefits provided."

"Once again the Alliance has grossly distorted the facts for its own political gain."

ENDS

© Scoop Media

 
 
 
Parliament Headlines | Politics Headlines | Regional Headlines

Gordon Campbell: On The Jami-Lee Ross Saga

In the end, the Jami-Lee Ross tweet about secretly taping his leader and promising to use it – assuming that such a tape exists, and wasn’t just being conjured out of thin air as a random threat – is a more serious offence than the original leak.

After all, even the PWC report hadn’t finally and definitively pointed the finger of blame at Ross, but had cited him merely as the most likely suspect. More>>

Press Conference Video: Jami-Lee Ross Plans By-Election, Police Complaint
National MP Jami-Lee Ross is to resign his seat and step down from the National Party, and will stand as an independent in any by-election for his Botany seat... Speaking to media at Parliament, he alleged Mr Bridges had broken electoral donation law and said he would put in an official police complaint. More>>
ALSO:

 

Education Amendment Bill Proceeda: Urgency Sought For Partnership School Treaty Claim

The claim takes issue with the acts and omissions of the Crown in respect of the closure of Partnership Schools | Kura Hourua. More>>

ALSO:

Salvation Army Paper: Call For Public Housing Investment

To meet these future demands the report suggests the government needs to look beyond the private rental market and begin to invest heavily into home-ownership programmes and more public and social housing. More>>

ALSO:

Fate Of Tahr Sealed: Himalayan Tahr Control Operation Proceeding

“The target of controlling 10,000 Himalayan tahr over the next eight months remains. The revised plan provides for a staged control operation with increased reporting to the Tahr Liaison Group...” More>>

ALSO:

Health: Petitions To Fund Breast Cancer Drugs

Women marching to Parliament today, to present two petitions calling for Government funding of vital medicines, have 100% support from a coalition representing than 30 breast cancer organisations. More>>

ALSO:

Animal Welfare Advisory Committee: Report On Rodeo Practices Released

The independent committee that advises the Minister responsible for Animal Welfare, has today released a report on animal welfare in rodeos, together with advice to the Minister making recommendations to improve the welfare of the animals in rodeos. More>>

ALSO:

PM's Press Conference: Fuel And Leaks

Other topics included the apparent murder of journalist Jamal Khashoggi at the Saudi Arabian embassy in Turkey, the relation between the Government moves against high fuel prices and the commitment to act on climate change, NZTA's failures in compliance checks ... More>>

ALSO:

New Hager Investigation: War Crimes, Sexual Assaults And Coverups In Armed Forces

A string of current and ex-New Zealand Defence Force staff have contacted Hager since the book he co-authored with Jon Stephenson – Hit & Run – was published in March 2017... More>>

ALSO:

Israel's Anti-Boycott Law: NZ Activists Fined Over Lorde Cancellation Raise $12k For Charity

New Zealand activists being fined in Israel for urging pop singer Lorde to cancel her concert have raised more than $12,000 for a Palestinian charity. More>>

ALSO:

 
 
 
 
 

LATEST HEADLINES

  • PARLIAMENT
  • POLITICS
  • REGIONAL
 
 

InfoPages News Channels