Parliament

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

 

Labour Will Increase Student Debt

Steve Maharey’s comments about student debt are nothing more than hand-wringing given that Labour’s policy would make student debt worse, Tertiary Education Minister Max Bradford said today.

“National is responsibly offering students still studying an effective interest cut without adding the incentive to borrow to the hilt.

“But, Labour is acting like an irresponsible parent by offering interest-free loans to students studying.

“If you make something free any rational person would take advantage of this and students are no different,” Mr Bradford said.

“Currently, only half of students borrow. Under Labour’s policy the other half would surely take out a loan when they don’t need to, which would see the student debt figure skyrocket.

“Labour’s bribe will mean students will pay back their loans only 1-2 years earlier compared to National’s policy.

“Under National the interest rate for students still studying is reduced to 5.7%. This alteration of the Scheme was announced in November 1998, long before the election.

“Labour’s policy, and the even more loopy policies of the Alliance, simply mean that taxes will have to increase which will not be appreciated by students once they start full time jobs,” Mr Bradford said.

ends

© Scoop Media

 
 
 
Parliament Headlines | Politics Headlines | Regional Headlines

Gordon Campbell: On Oprah as a Presidential Hopeful

Oprah for President…That was one of those summer silly season stories, right ? Maybe not.

On the morning after the Golden Globes Awards ceremony where she delivered That Speech (“I want all the girls watching here now to know that a new day is on the horizon!”) a lot of people seem to have woken up in the cold light of day with a vision of President Winfrey still dancing in their heads.

Oprah’s presidential run may have legs…More


 

Gordon Campbell: On Jim Anderton
For anyone born after 1975, it is hard to grasp just how important a figure Jim Anderton was, for an entire generation.
During the mid to late 1980s, Anderton was the only significant public figure of resistance to the Labour government’s headlong embrace of Thatcherism...More>>

ALSO:


Gong Time: New Year's Honours List

Jacinda Ardern today congratulated the 179 New Zealanders named on the 2018 New Year’s Honours List.

“Although this list was compiled and completed by the last government, it is a pleasure to welcome in the New Year by recognising exceptional New Zealanders,” Jacinda Ardern said.

“As an Aunty, I love reading books to my nieces, so it’s lovely to congratulate Joy Cowley, who is made a member of the Order of New Zealand today....More
Full list


Roads: National launches bid to save highway projects

The National Party has launched a series of petitions aimed at saving regional highway projects at risk because of the Government’s obsession with Auckland trams…More>>

ALSO:


Medical Cannabis: Bill Introduced to “ease suffering”

Health Minister Dr David Clark says making medicinal cannabis more readily available will help relieve the suffering of people who are dying in pain More>>

ALSO:

Campbell: On The Quest For Zero Net Carbon Emissions
Some would querulously ask, zero net carbon emissions by 2050 – while others would say, why not?
More>>

ALSO:

CPAG Report: The Further Fraying Of The Welfare Safety Net

New Zealand’s welfare system has undergone a major transformation during the past three decades. This process has seriously thwarted the original intent of the system, which was to provide a decent standard of living for all New Zealanders in times of need... More>>

ALSO:


 
 
 
 
 

LATEST HEADLINES

  • PARLIAMENT
  • POLITICS
  • REGIONAL
 
 

Featured InfoPages