Gordon Campbell | Parliament TV | Parliament Today | News Video | Crime | Employers | Housing | Immigration | Legal | Local Govt. | Maori | Welfare | Unions | Youth | Search

 

Student Loans Scheme Perplexes Nation's Best

STUDENT LOANS SCHEME PERPLEXES NATION'S BEST AND BRIGHTEST

The majority of student loan borrowers do not understand the implications of the debts on their lives according to Government research.

Papers released under the Official Information Act to the Aotearoa Post-compulsory Student Union (APSU) indicate that more than half of students who take out loans do not understand the serious implications the debt will have on their future.

The Ministry of Education surveyed student loans officers from 27 tertiary institutions and found that more than 82% thought that at least half or more students did not understand the implications of the interest on the loan and how the repayment scheme works.

"We have always suspected that many students borrow thousands of dollars without being given adequate information about how the loan will impact on their ability to buy a home, travel overseas or start a family," said David Penney, APSU Student Union National President.

"We hear of people all the time that finish studying who regret their loans. Student loan officers from polytechnics and universities work with students everyday and are in the best position to judge student understanding of the loans scheme. This is hard evidence that the implications of a student loan debt are not well understood."

Since the student loans scheme was introduced, the amount borrowed by individual students in a year has increased by 57%. Total student debt stands at more than $3.4 billion.

"APSU believes that the government should launch a public information campaign on the student loans scheme, explaining how borrowing will affect students later in their life," concluded David Penney.

ENDS

FOR MORE INFORMATION or a copy of the Ministry of Education research paper contact:

David Penney

National President

APSU Student Union

04 498 2501

025 756 526




© Scoop Media

 
 
 
Parliament Headlines | Politics Headlines | Regional Headlines

SCOOP COVERAGE: CHRISTCHURCH MOSQUES TERROR ATTACK


Gordon Campbell: On Trump’s Open White Nationalism

At one level, this has been the week that the Republican Party of Abraham Lincoln – which once led a civil war that ended the slave economy of the South – has now defined itself openly as being the party of white nationalism.

By telling those four elected, American born and/or raised women of colour to “go home”, US President Donald Trump’s racist agenda has come out of the shadows. More>>

 

RNZ: Trades Hall Bombing Case Re-Opened, Evidence Released

The cold case has been reopened and the police have recently revealed more details about the bomb's components - including that it was wrapped in a 1977 edition of The Evening Post. More>>

Safety: Govt Targets Fewer Deaths On The Road

“Most roads deaths and serious injuries are preventable and too many New Zealanders have lost their lives or been seriously injured in crashes that could have been prevented by road safety upgrades,” said Associate Transport Minister Julie Anne Genter. More>>

ALSO:

Pay Rise Delay: Teachers Unions Plan Legal Action Against Novopay

Both of the teachers unions - NZEI and the PPTA - have confirmed they will be taking legal action against Novopay. More>>

ALSO:

Emission Statement: 'Consensus Reached' On Agriculture

Today the Government launched a consultation document, informed by the work of the Interim Climate Change Committee (ICCC), on how to bring agriculture into the emissions trading scheme, a key part of the Government’s plan to tackle climate change and reduce New Zealand’s emissions. More>>

ALSO:

Gordon Campbell: On What’s Wrong With Wellington

For many Wellingtonians, it hasn’t been the normal hardships – the workings of central government and the lousy weather – that have recently pushed their tolerance into the red zone. It has been the inability of local government to maintain even the basics. More>>

ALSO:

$1m Compensation Paid: First Gun Ban Event In Christchurch

The Police Minister says the first ever firearms collection event in Christchurch over the weekend was a huge success. But Stuart Nash had concerns about whether the participation reflected the number of weapons in the region. More>>

ALSO:

The Kids: Youth Parliament 2019 Event Kicks Off

120 Youth MPs and 20 Youth Press Gallery members have gathered in Wellington to attend the two-day Youth Parliament event ... More>>

ALSO:

Friends Like These: Foreign Minister To Visit USA

Deputy Prime Minister and Foreign Affairs Minister Winston Peters will travel to Washington D.C. today for talks with senior members of the US Administration, and to attend the Ministerial to Advance Religious Freedom. More>>

ALSO:

Gordon Campbell: On The Aussie Banks’ Latest Fee Hike Excuse

When the Reserve Bank sought feedback on its plans to require the country’s major banks to raise their capital reserves then you might have expected the banks to whine and complain. And so they have. More>>

ALSO:

 
 
 
 
 

LATEST HEADLINES

  • PARLIAMENT
  • POLITICS
  • REGIONAL
 
 

InfoPages News Channels