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

 


Overseas student debt results disappointing

Lack of government interest in reducing the level of overseas student debt disappointing

The New Zealand Union of Students’ Association (NZUSA) says it is disappointed with the government; accusing it of making no effort to actually address the repayment of overseas student loan debt in the Student Loan Amendment Bill. The Bill was forced through Parliament yesterday with 61 votes in favour and 60 votes against.

“Submitter after submitter, NZUSA amongst them, made suggestions that would address repayment rates, but the submissions were ignored in favour of a gimmicky ‘criminalise and arrest at the border’ proposal that was opposed by the Police and Parliament’s own regulatory oversight committee”, said Daniel Haines, NZUSA President.

“Treasury advice is that the changes are actually likely to increase default rates, and officials from IRD have also said they were not predicting an increase in student repayments, despite proposing to spend $600,000 in one-off costs in updating airport screening capacity, said Haines”

In their submission, the New Zealand Police said they did not want to be IRD’s debt collectors, and questioned the use of Police resources in this way.

Haines continues, “more than half those overseas are behind in their payments, owing approximately $3 billion. But forty percent of those overseas have access to a non-New Zealand passport, making the government’s ability to penalise those students toothless.

“NZUSA believes that any student who borrows has an obligation to pay back their loan. But the chorus of opposition to this Bill shows that more logic and common sense is needed to encourage repayment. Punishing people who borrowed for their education isn’t the solution, this scheme needs more carrot and less stick.”

NZUSA is acting independently to encourage repayments, providing its own plain-English advice and pushing this out via social media. Students overseas can access our fee-free transfer service for overseas based borrowers through NZUSA’s website at www.students.org.nz.

ENDS

© Scoop Media

 
 
 
 
 
Parliament Headlines | Politics Headlines | Regional Headlines

2040 Target And Lower Standards: “Swimmable” Rivers Five Times More Likely To Make You Sick

Forest & Bird has condemned the government’s new water quality standards, warning New Zealanders that they lock in current levels of water pollution and allow for a 5-fold increase in the chance of getting sick from swimming in a river.

“Despite an explicit assurance from Minister Smith that the new water standards would provide for human and ecosystem health, he has failed to deliver on either of these things,” says Forest & Bird CEO Kevin Hague. More>>

 
 

Mayor: 750 New Social And Affordable Homes For Wellington

The next stage of Wellington’s Housing Upgrade Programme will see at least 750 new units of social and affordable housing built over the next decade, Mayor Justin Lester has announced. More>>

ALSO:

22/2: Christchurch Quake Memorial Unveiled

A city, a region, a nation and an international community impacted by the Canterbury Earthquakes will come together to mark the sixth anniversary of the deadly quake and dedicate Oi Manawa Canterbury Earthquake National Memorial. More>>

ALSO:


November Quakes:

Gordon Campbell: On The Mana-Maori Party Deal

If the self-interest involved wasn’t so blatant, the electorate deal between the Maori Party and Hone Harawira would be kind of poignant. It’s a bit like seeing the remaining members of Guns’n’Roses or the Eagles back on the road touring the nostalgia circuit… playing all the old hits of Maori unity and kaupapa Maori politics. More>>

ALSO:

Private Provision: First Social Bond To Focus On Mental Health

New Zealand’s first social bond will help around 1700 people with mental illness into work, Finance Minister Steven Joyce and Social Investment Minister Amy Adams say. More>>

ALSO:

Immigration: Short Reprieve For Nine Indian Students

A temporary hold on deportations of nine Indian students is a step in the right direction but the Government urgently needs to implement safeguards to stop further injustices to more international students, the Green Party says. More>>

EARLIER:


Megaupload Case: High Court Rules Dotcom, Co-Accused Eligible For Extradion

Internet entrepreneur Kim Dotcom and his three co-accused are eligible for extradition to the United States, New Zealand's High Court ruled... Justice Murray Gilbert upheld a decision by the District Court that there were grounds for Dotcom, Mathias Ortmann, Bram van der Kolk and Finn Batato to be extradited. More>>

ALSO:

PREVIOUSLY:

Port Hills Fire: Midday Update, Monday 20 February

• 9 homes destroyed
• 2 homes with partial damage. Damage includes things like cracked windows, heat damage.
• 3 properties with damage to other external structures e.g sheds or outbuildings More>>

ALSO:

Get More From Scoop

 

LATEST HEADLINES

 
 
 
 
 
 
 
 
Politics
Search Scoop  
 
 
Powered by Vodafone
NZ independent news