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

 

Gordon Campbell: On The Govt’s Token Plans For Cyber-Security

Basically, the world is divided into two types of people: those who think the Panama Papers illustrate the bad shit that some people do, and those who think the Panama Papers illustrate what needs to be done to make sure no-one else discovers the shit – good or bad – that they’re doing. More>>

ALSO:

Gordon Campbell: On Pharmac’s Grudging Concession To Reality

Is this any way to run a health system… whereby terminally ill patients are forced into public demonstrations before the government (and its funding agency Pharmac) will grudgingly provide the money for life-saving treatments freely available and publically funded in Australia for the best part of a year? More>>

ALSO:

Labour: Healthy Homes Bill Passes First Reading

Some of New Zealand’s most vulnerable children and families are on their way towards safer living conditions with the passing of the first reading of the Healthy Homes Guarantee Bill in Parliament last night, Leader of the Opposition Andrew Little says. More>>

ALSO:

Werewolf Satire: Home, And A Way

The one thing even more popular than an Auckland house is offering advice on how to afford an Auckland house. So, on the grounds it can’t be worse than some of the stuff that’s out there, here’s my three cents* worth. [*Up 50% since 2013!] More>>

ALSO:

Werewolf: The Defence Pretence

Last year, the world began spending more money on weapons again, for the first time since 2011... New Zealand belongs to a region – Asia and Oceania – where military spending rose sharply in 2015, by 5.4 per cent. More>>

ALSO:

Gordon Campbell: On Not Crying Foul, Argentina

So a couple of guys found to be criminally liable of environmental pollution in Argentina lodge an application with the Overseas Investment Office… in order to buy some prime New Zealand rural land. Seems that their factory back home had carelessly and/or intentionally discharged toxic waste into the Lujan river. Bummer... More>>

ALSO:

Urban & Rural: $303m To Merge And Modernise New Zealand’s Fire Services

Internal Affairs Minister Peter Dunne today announced funding of $303 million over five years to combine urban and rural fire services into one organisation from mid-2017. More>>

ALSO:

High Trust Regime: What Did The PM Tell His Lawyer About Foreign Trusts?

The Government stopped the IRD from reviewing New Zealand foreign trusts shortly after the Prime Minister’s lawyer wrote to the Revenue Minister claiming John Key had promised him the regime would not be changed. More>>

ALSO:

Get More From Scoop

 

LATEST HEADLINES

 
 
 
 
 
 
 
 
 
Politics
Search Scoop  
 
 
Powered by Vodafone
NZ independent news