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

 

Medical Students’ Loan Let-down

Medical Students’ Loan Let-down


New Zealand Medical Students’ Association campaigner Alex Hedley today called on the Government to reverse its decision to stop student loans for postgraduate medical students in their final years of study.

“The so-called 7EFTS policy is preventing young doctors from finishing their degrees.

“We have surveyed our members. Fourty five percent of students expect they would not be able to complete their training without access to student loan.

“This policy targets medical students at the end of their training, a time when having a part time job is an unreasonable expectation. The 7EFTS limitation undermines medical training with financial stress being a serious threat to a quality education.

The medical student debt of those affected is typically over $100,000 and will be difficult to repay without relevant qualifications.

“In our survey of 406 members, four out of ten were unaware of the policy change that could stop them borrowing to complete their degrees.

Medicine is unusual in that gaining a qualification takes longer. It makes sense to have an exemption. The state also invests hundreds of thousands in each medical student’s education and if the 7EFTS rule continues, that money too will be wasted.

“Ministers have promised to review policies, but those promises are wearing thin. Time is passing and students want certainty about their future prospects.

“An extension to loan access for medical student will allow us to enter the healthcare workforce and pay back our existing debt.

“When there is a shortage of rural GPs, it is hard to fathom why the National Government wants to consign a quarter of all future doctors to the dole queue,” Alex Hedley said.

“Minister Joyce has told us that there are plenty of other sources of funding to complete our studies. He is adament that we will be able to secure a private loan despite the banks making it clear they will not lend money to our members.

Among bank loans the Minister suggested asking friends and family, using the Trainee Intern (TI) grant or applying for the voluntary bonding scheme.

“These suggestions are unhelpful because they make no attempt at solving the problem.

ends

© Scoop Media

 
 
 
 
 
Parliament Headlines | Politics Headlines | Regional Headlines

Environment Commission: Time For Historic Step For Climate Change

Dr Wright has recommended a new Act that is similar to the UK Climate Change Act...

A similar law in New Zealand would put emissions targets into law, and require the setting of carbon budgets that would act as stepping stones towards the targets. It would also establish a high-powered independent expert group that would crunch the numbers and provide objective advice. More>>

 

Gordon Campbell: On Act, The Centre-Right’s Perennial Ugly Duckling

Act endures, despite its thoroughly fossilized views: it is the only lighthouse still shining the beams of 1980s market fundamentalism out into the electoral darkness. More>>

ALSO:

Immigration: Changes To Temporary Work Visas Confirmed

“The consultation process resulted in around 170 submissions and today’s announcement shows the Government has listened to the feedback raised by employers and industry, particularly in the regions,” Mr Woodhouse says. More>>

ALSO:

Rental WOF Passes 2nd Reading: Little Bill Goes A Long Way

The strong call from the public for warm, dry, healthy rentals has helped the Healthy Homes Guarantee Bill to pass its second reading, says Leader of the Opposition Andrew Little. More>>

ALSO:

Incomes & Housing Costs: No Signs Of Real Improvement For Poorest Families

CPAG: The latest Household Incomes Survey report shows that not everyone is better off, despite that income poverty seems to have lessened since the Global Financial Crisis in 2008. More>>

ALSO:

Turei To Be Interviewed By MSD: Gordon Campbell On The Real Truth Deficit In Welfare

It has been astonishing to see the amount of time and energy being spent on what Greens co-leader Metiria Turei did or didn’t do properly as a beneficiary back in the early 1990s – as compared to how little time and energy is being put into the point of her personal example. More>>

ALSO:

 
 
 
 
 

LATEST HEADLINES

  • PARLIAMENT
  • POLITICS
  • REGIONAL
 
 

Featured InfoPages

Opening the Election