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


Survey of bank managers loan study needed

Otago survey of bank managers shows urgent need for loans scheme study

The Ministry of Education's refusal to investigate the economic implications of the student loans scheme has been questioned by the Alliance's education spokesperson Liz Gordon.

The report from the Otago University Students Association shows that 83% of bank managers considered student loans affect whether or not they would give people loans. Dr Gordon's own research released last week shows the government was not researching this aspect of the student loans scheme.

'The government assumes that the loans scheme has no secondary effects. The Otago study show differently. People with student debt can be turned down for loans, and in particular mortgages, and many have been,' Alliance Education Spokesperson Liz Gordon said.

'The student loans scheme is stunting the development of too many young New Zealanders. Young people are being forced to put off buying a house and having a family because of the huge debt burden they face

'What this report doesn't show is that many young New Zealanders with loans will never get to the bank manager until they have repaid their loans. For the 10,000 people with debts of over $35,000 this means any hope of owning their own home is years away.

'The Alliance is the only party that is going to do anything about the causes of student debt. Only the Alliance has a plan to reduced fees, introduced student allowances and abolish the need for the student loans scheme in the future.

'Max Bradford will deny there is a problem. However the Otago student have undertaken research that Bradford has not because his ministry says it is too hard.

'A party vote for the Alliance will mean an end to the student loans scheme and the chance for young people to have the same chance their parents have had,' Liz Gordon said.

Visit for more information about the Alliance

© Scoop Media

Parliament Headlines | Politics Headlines | Regional Headlines

NZ And France To Seek To End Use Of Social Media For Terrorism

New Zealand and France announced today that the two nations will bring together countries and tech companies in an attempt to bring to an end the ability to use social media to organise and promote terrorism and violent extremism, in the wake of the March 15 terrorist attacks in Christchurch New Zealand.

The meeting will take place in Paris on May 15, and will be co-chaired by New Zealand Prime Minister Jacinda Ardern and French President Emmanuel Macron. More>>



Christchurch Attacks: Families Offered Option To Stay Permanently

Immigration New Zealand has created a special visa category for those directly impacted by the shootings at Al Noor Mosque and Linwood mosque, as well as their families. More>>


Auckland: Consent Granted For Queens Wharf Cruise Ship Upgrade

In its decision, released this afternoon, Auckland Council says that although the upgrade will have a "range of adverse effects on the environment, both during construction and operation", these can be managed to an "acceptable" level. More>>


Gordon Campbell: On Scrapping The Capital Gains Tax

As PM Jacinda Arden said yesterday, there was no point in Labour bringing a proposal into the House that it didn’t have the votes to get passed. Looking back, maybe she always felt this outcome to be inevitable... More>>


Welfare: Access To Hardship Grants Hits Record High

Figures from the Ministry of Social Development for the March 2019 Quarter showed that hardship assistance grants increased by $48 million in the past year... They also showed the emergency housing grants went from $6.6m to $23m, and there were 70,000 extra requests for assistance for food. More>>


City Rail Link: Billion Dollar Cost Rise (And Preferred Bidder)

The revised cost envelope for completing the entire Auckland City Rail Link project now totals $4.419 billion. The revised cost has yet to be endorsed by the project’s sponsors (the Crown and Auckland Council). More>>


Meth Scare: Debt Write-Off For HNZ Meth Testing Evictions

People living in Housing New Zealand (HNZ) properties who were wrongly evicted because of flawed methamphetamine contamination policies will have their related debts with the Ministry of Social Development (MSD) written off. More>>


RNZ Report: Fears Grow For NZ Nurse Kidnapped In Syria

A New Zealand nurse working for the Red Cross was captured by Islamic State (IS) in Syria more than five years ago, and there are now public pleas for any information that could help bring her home. More>>





InfoPages News Channels