Students demand a sustainable policy
Students demand a sustainable policy.
The vast difference between Treasury's and Labours projected costing of Labour's 0% interest rate student loan policy raises potential concerns for students, according to Auckland University Student Association (AUSA). Treasury's forecasted cost of the policy is $397 million higher than Labours original projection.
The potential costs released by Treasury highlights a risk that Labour's Student Loan policy may be unsustainable. "While Labour's interest free student loan policy has good intentions, students must be assured the policy is sustainable" said Greg Langton, President of Auckland University Students Association.
"Any Government policy must be robust enough to cope with fluctuations. Student behaviour cannot be perfectly formulated. Government policy must be sustainable within a range of possible student reactions to the policy".
"Serious considerations need to be made in light of Treasury and Labours different forecasts. Students demand a policy that is realistic and sustainable" said Mr Langton.