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

 


The Debt Collector Cometh

The Debt Collector Cometh


The Students of Aotearoa New Zealand are demanding $156,081 in outstanding student debt from five senior National Ministers. Given the IRD’s new power to arrest overseas-based defaulters, students would hate for our beloved Prime Minister to be arrested at Auckland Airport on the way back from Hawaii. To avoid any potential embarrassment with the press, we have kindly calculated the amount owing from each of the following ministers.

John Key, having studied a Bachelor of Commerce at University of Canterbury, paid nothing for his degree. If he did the same degree today at UC, it would cost him $17,013. $29,613 is what Bill English would owe if he did his Bachelor of Commerce (Otago) and Bachelor of Arts (Vic) today. The Honourable Tertiary Education Minister, Steven Joyce, having failed to get into vet school owes $17,853.60. His Bachelor of Science (Zoology) from Massey cost him nothing.

Judith "Crusher" Collins has burdened taxpayers with a $36,123.40 student debt. Although Ms Collins managed to get her LLB at Auckland done before fees were introduced, she had to pay $5,516 ($8,932.57 in inflation-adjusted terms) to study her Masters in Taxation Studies over four years at UoA. If she did that same LLM today, she would have to pay an extra $7,123.43 and her student loan eligibility would end halfway through her LLM--thanks to her future National party leadership rival, Steven Joyce.

Finally, Hekia Parata would have accumulated the most debt from her stint at Waikato. Having completed a BA and an MA at Waikato before 1989, the Education Minister paid nothing for her education. Today, her BA would cost $16,143 and her MA $39,335, totaling up to $55,478.

Being reasonably minded, New Zealand’s students only expect the same rate of repayment as current borrowers. With a repayment rate of 12% of pre-tax income, the highest rate in the OECD, these Ministers really should have thought about that before slashing tertiary education funding.

The young people of Aotearoa New Zealand are willing to forgive these debts if these Ministers provide students and apprentices with the same opportunities they received. Until then, the debt collector cometh.

ends

© Scoop Media

 
 
 
 
 
Parliament Headlines | Politics Headlines | Regional Headlines

 

Plain Packs Plan: Gordon Campbell On Tobacco Politicking (And The TPP Death Watch)

Has Act leader David Seymour got the easiest job in the world, or what? Roll out of bed, turn on the radio and hmm…there do seem to be a lot of problems out there in the world. Must think of something. And so it came to pass that this morning, David Seymour took up his sword and shield to fight for a world that’s about to be denied the rich and vibrant beauty of tobacco advertising. More>>

ALSO:

.


RECENT TPP MEETING:

Professor Ian Shirley: The Budget That Failed Auckland

The 2016 budget offered Auckland nothing in the way of vision or hope and it continued the National Government’s threats against the Auckland Council. Threatening the Council with over-riding its democratic processes if it fails to release land for housing is a bullying tactic aimed at diverting attention away from the fundamental problems with housing in the region. More>>

ALSO:

PM's Post Cab Presser: Budgets, Trusts And Pacific Diplomacy

Today Prime Minister John Key summarised last week’s budget and provided further detail about his upcoming trip to Fiji. He said that there has been “plenty going on” in the last couple of weeks and emphasised the need for Auckland council to facilitate more housing supply. More>>

ALSO:

Max Rashbrooke: A Failure Of Measurement: Inside The Budget Lock-Up

Shortly after the embargo lifted at 2pm news organisations started filing reports claiming that health, and to a lesser extent housing and education, were the ‘big winners’ out of the Budget. It failed to take into account the fact that in most cases the apparent increases were in fact cuts. Because of the twin effects of inflation and population. More>>

ALSO:

DOCtored Figures: Minister Clarifies DOC Budget

“Commentators have overlooked the fact $20.7m of that perceived shortfall is new funding for Battle for our Birds 2016, provided for in last week’s Budget...” DOC also has approval in principle to carry over a further $20m to 16/17 due to unexpected delays in a number of projects. More>>

ALSO:

For The Birds: Gordon Campbell On The Budget

Budgies, so their Wikipedia page says, are popular pets around the world due to their small size, low cost, and ability to mimic human speech. Which is a reasonably good description of Finance Minister Bill English eighth Budget. . More>>

Max Rashbrooke On The 2016 Budget

The best label for this year’s announcement by Bill English might be the ‘Bare Minimum Budget’. It does the bare minimum to defuse potential political damage in a range of areas – homelessness and health are prime among them – but almost nothing to address the country’s most deep-rooted, systemic social problems. Indeed the Budget hints that these problems may get worse. More>>

ALSO:

Gordon Campbell: On Bank Scandals (And Air Crashes)

Last month, the Australian Securities and Investment Commission (ASIC) filed proceedings against Westpac over activities that have some distinct echoes of the Libor scandal. More>>

Get More From Scoop

 

LATEST HEADLINES

 
 
 
 
 
 
 
 
 
Politics
Search Scoop  
 
 
Powered by Vodafone
NZ independent news