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

Gordon Campbell:
On Anne Tolley’s
Callous Folly

Years ago, I remember someone in the Heath Ministry telling me off the record that regulatory oversight in this country largely consisted in ‘waiting for something to turn green or fall off somebody’ before the authorities would swing into action...

Last week’s conflict between Social Development Minister Anne Tolley and District Court judge Carolyn Henwood illustrated quite a few of the flaws in the system. More>>

 

Members’ Bills: Greens' Domestic Violence And Loans Bills Pulled From Ballot

Jan Logie’s Domestic Violence-Victims' Protection Bill introduces workplace protections for victims of domestic violence, including allowing victims to request paid domestic violence leave for up to 10 days... Gareth Hughes’ Bill allows Kiwis with student loans to defer their student loan repayments into a first home savings scheme. More>>

ALSO:

IPCA: Police Did Not 'Deliberately' Use Pepper Spray On 10-Year-Old

"When spraying the man, the officer did not properly consider the necessity of using pepper spray in a confined space, the likelihood that it would affect the other innocent passengers or the fact that he was using a more powerful spray." More>>

ALSO:

Donor Bill Passes: Full Income Compensation For Live Organ Donors

Unanimous cross-party support for the Compensation for Live Organ Donors Bill represents a critical step in reducing the burgeoning waiting list for kidney donations, according to Kidney Health New Zealand chief executive Max Reid. More>>

ALSO:

Earthquake Response: Emergency Legislation Prepared

Three new Bills have been drafted in the wake of the magnitude 7.8 earthquake on November 14 to ensure the government can enable affected communities to respond quickly and efficiently. More>>

ALSO:

Housing MPs: New Building(s) For Parliament

A new building will be erected on Parliament grounds to house Members of Parliament and their staff who currently work in leased accommodation in Bowen House. The plan has cross-Party support, apart from NZ First, said Parliament’s Speaker, Rt Hon David Carter. More>>

ALSO:

Get More From Scoop

 

LATEST HEADLINES

 
 
 
 
 
 
 
 
Politics
Search Scoop  
 
 
Powered by Vodafone
NZ independent news