Parliament

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

 

More Debt Under Alliance Student Loan Scheme

The Alliance policy on the student loan scheme will see more students in debt, Minister for Tertiary Education Max Bradford said today.

“Mr Anderton has been moaning about the level of student debt for a long time and yet now he wants to see it escalate out of control by charging no interest,” Mr Bradford said.

“No interest on loans will encourage more students to borrow.

"For a start the 40,000-odd students who currently don’t use a student loan will probably take the opportunity to borrow, if only to pocket the interest. If they each borrowed $6,000 the taxpayer would have to find another $240 million.

“This is as much as we are investing in the new Auckland hospital," Mr Bradford said.

“This blank cheque access to taxpayers’ money will be totally unacceptable to the average New Zealander.

“Mr Anderton will have to find some other way to slow down the amount students borrow, just like the UK and Australia have,” Mr Bradford said.

“The UK and Australia, which both have interest rates at the rate of inflation, have had to introduce other rules to limit borrowing.

“The UK limits borrowing to living expenses and means-tests them. Australia limits borrowing for fees, but fees cost a third more for loan borrowers. These methods could limit access to tertiary education for some people.

“The current scheme is less meddlesome, fairer and encourages all New Zealanders to take on tertiary study,” Mr Bradford said.

“How Mr Anderton thinks he can pay for this proposal is beyond me.

“Even if there is no additional borrowing, the Alliance’s proposal would cost $122 million next year alone at present levels.

“Once again the Alliance wants to unfairly dump huge costs onto families who will end up paying for others to earn more,” Mr Bradford said.


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:

 

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:

NZEI: Teacher Shortage Plan Falls Short

NZEI Te Riu Roa has welcomed the Government's announcement of new initiatives to address the growing teacher shortage, but says teaching must become a sustainable career choice if there is to be a long-term solution… More>>

ALSO:

 
 
 
 
 

LATEST HEADLINES

  • PARLIAMENT
  • POLITICS
  • REGIONAL
 
 

InfoPages News Channels