Parliament

Gordon Campbell | Parliament TV | Parliament Today | Video | Questions Of the Day | Search

 

Students flee overseas with huge loans

Students who leave New Zealand owe 21% more than students who stay, according to figures released today by the Alliance.

Education spokesperson Dr Liz Gordon says the figures show students heading overseas are those most in debt.

The average debt level for people in New Zealand is $11,625. For those living outside New Zealand it is $14,089, or 21% more.

Answers to written questions submitted by Dr Gordon show that $101 million is owed by at least 3,840 students who have fled the country and this number is increasing by over 1000 each year.

The highest debt of a person overseas is $103,000.

"This government has forced some of our brightest young people out of this country with the oppressive student loans scheme," Liz Gordon said.

"Today in Dunedin Liz Gordon outlined the case of one young New Zealander whose debt is increasing at over $6,240 a year.

"This person is overseas on a Voluntary scheme helping those in need, but at the same time her debt is increasing at $120 a week. What incentives are there for these talented people to come back to New Zealand?

"Young people with loans have been forced to delay having a family, buying a house and settling down because of their huge debts.

"The government's recently announced tax cuts mean nothing to people with a student loan who have faced marginal tax rates as high as 43c in the dollar for the last seven years.

"New Zealand is too small a country to lose our brightest young people because this government is too mean spirited to give them an affordable education," Liz Gordon.

© Scoop Media

 
 
 
Parliament Headlines | Politics Headlines | Regional Headlines


Gordon Campbell: On Our Weird Ways Of Funding Care For The Dying


National Party leader Judith Collins thinks the government’s traffic light system for emerging from Covid lockdowns is “confusing.” Perhaps she could be looking in the mirror because in recent weeks, National has hardly been a model of crystalline clarity. On RNZ this morning Collins was calling for the scrapping of all vaccine certificates and mandates once we hit 90% double dose vaccination. Yet in recent weeks, Chris Bishop, National’s Covid spokesperson has been indicating that vaccine certificates and employment mandates will be, and should be, part of our new Covid landscape... More>>

Government: Backs Business To Vaccinate Workforces


The Government is introducing a range of measures to help protect workplaces and workers from COVID-19, Minister for Workplace Relations and Safety Michael Wood announced today.
“We’ve heard the calls from employers and employees to provide certainty on what roles need to be done by vaccinated workers under the COVID-19 Protection Framework... More>>

ALSO:





 
 

Three Waters: Government To Protect Vital Public Water Services For Future Generations
Local Government Minister Nanaia Mahuta today confirmed the Government will create four publicly owned water entities to ensure every New Zealander has access to affordable, long-lasting drinking, waste and storm water infrastructure... More>>

ALSO:



Government: Responds To Independent Review Into WorkSafe

The Government has clear expectations that WorkSafe must action the recommendations of the independent review into the regulator to improve its management of adventure activities following the tragedy at Whakaari White Island, Workplace Relations and Safety Minister Michael Wood says... More>>

Government: New Zealand Secures Historic Free Trade Deal With The United Kingdom
New Zealand and the United Kingdom have agreed in principle the details of a historic Free Trade Agreement (FTA), which will further accelerate our COVID-19 economic recovery say Prime Minister Jacinda Ardern and Minister for Trade and Export Growth Damien O’Connor... More>>

ALSO:



Pay Cheque To Pay Cheque: Half A Million New Zealanders Have No Savings
New findings from the Consumer NZ sentiment tracker found that 15% of New Zealanders had no savings, and a further 27% were anxious about their level of savings and would like to have more tucked away... More>>


Government: Mandatory Vaccination For Two Workforces

Large parts of two workforces critical to preventing the spread of COVID-19 will be required to be vaccinated, COVID-19 Response Minister Chris Hipkins said today. “Our education and health and disability workforces have done an incredible job throughout this pandemic to keep themselves and people safe,” Chris Hipkins said.... More>>


Green Party: Deeply Concerned Space Launches May Be Breaching Nuclear-free Laws

The Green Party is deeply concerned that space launches by Rocket Lab may be breaching nuclear-free laws, given our long-standing position as a signatory of the Nuclear Non-Proliferation Treaty... More>>


 
 
 
 
 
 

LATEST HEADLINES

  • PARLIAMENT
  • POLITICS
  • REGIONAL
 
 

InfoPages News Channels