Education Policy | Post Primary | Preschool | Primary | Tertiary | Search


No Interest - or No Builders

Thursday, 15 September 2005

No Interest - or No Builders

Treasury papers released by Michael Cullen yesterday emphasises that no interest on student loans is vital. With student and graduate debt reaching $8 billion dollars yesterday the proposed interest wipe off will have positive outcomes for all New Zealanders.

Labour has been criticised for ignoring Treasury's costing of this policy and creating their own. However, Treasury's costing is based on a demonstrably flawed model:

Since 2000 students have paid no interest while studying. The huge increase in student loans Treasury predicted simply has not happen. Treasury have used similar flawed projections of increases for the costing of Labour's latest interest free policy.

"While Treasury's projections are completely over the top, the reality is that the country desperately needs more skilled workers." said OPSA President, Rachel Dibble.

"Certainly if Labour's interest free policy is implemented there will probably be small increases in student numbers. Even if these were in the absurd magnitude Treasury projects, this can only be a good thing since New Zealand suffers a skill shortage that can only be solved by improving access to courses." said Ms Dibble.

"Has anyone tried to get a builder or plumber lately? Trades people are desperately sought after but face a huge student debt if they consider studying. If we don't stem this debt, the brain drain will mean NZ will soon be short of many other graduates like nurses, lab technicians, and quality IT professionals" said Ms Dibble.


© Scoop Media

Culture Headlines | Health Headlines | Education Headlines


Howard Davis: Controlling the High Ground

Stephen Johnson's raw and angry film not only poses important questions with scrupulous authenticity, but also provides a timely reminder of the genocidal consequences of casual bigotry and xenophobia. More>>

Howard Davis: Dryzabone - Robert Conolly's The Dry

After the terrible devastation caused by last year’s bushfires, which prompted hundreds of Australians to shelter in the ocean to escape incineration and destroyed uncountable amounts of wildlife, The Dry has been released during a totally different kind of dry spell. More>>

Howard Davis: Benjamin Ree's The Painter and The Thief

The Norwegian filmmaker had long been fascinated by art thieves who commit high-stakes crimes with a delicate touch when a chance Google search in 2015 uncovered a botched heist in Oslo. More>>

Howard Davis: Hit the Road, Jack - Chloé Zhao's Nomadland

Nomadland is perhaps the ultimately 'road' movie as it follows a group of dispossessed and disenfranchised vagabonds who find a form of communal refuge in camp sites and trailer parks after the economic contraction of 2008. More>>

Howard Davis: Byrneing Down the House - Spike Lee's American Utopia

Lee does an admirable job capturing Byrne's stunning live performance of his latest album, but the real star of the show is the staging. More>>

Howard Davis: The Phoenix Foundation Friend Ship Tour Docks in Wellington

A sense of local pride was certainly running high at the Opera House on Saturday night, as the lads ran through a tasty little set drawn mostly from their latest album Friend Ship (splash out for Xmas on the shocking pink extra-thick vinyl edition). More>>



  • Wellington
  • Christchurch
  • Auckland