Scoop has an Ethical Paywall
Licence needed for work use Learn More

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

 

Labour acknowledges disastrous debt consequences

Labour loan policy acknowledges disastrous consequences of debt.

All New Zealanders should be pleased at the signs from the Labour Government of an increased emphasis in addressing the consequences of a heavily indebted population.

Labour's loans policy to write off interest for all those who stay in New Zealand is an admission that the student loan scheme does contribute to the brain drain and that debt affects New Zealanders in other less obvious ways.

The labour loan policy announcement is perhaps the biggest promise to lessen the impact of student loans on former and current students ever made.

The change if effected could also be one of the most significant changes to the loan scheme since it was introduced.

"The good thing is that this does appear to be a without strings attached offer, former and current students will see massive benefits in this policy." Says Matthew Davies, Aotearoa Tertiary Students Association president

ENDS

Advertisement - scroll to continue reading

© Scoop Media

Advertisement - scroll to continue reading
 
 
 
Culture Headlines | Health Headlines | Education Headlines

 
 
 
 
 
 
 

LATEST HEADLINES

  • CULTURE
  • HEALTH
  • EDUCATION
 
 
 
 

Join Our Free Newsletter

Subscribe to Scoop’s 'The Catch Up' our free weekly newsletter sent to your inbox every Monday with stories from across our network.