INDEPENDENT NEWS

Student interest rates going up under National

Published: Sun 31 Oct 1999 01:57 PM
Labour associate education spokesperson (tertiary) Steve Maharey said news that student interest rates will increase under National was further illustration of the major difference in policies between the two parties.
"Under Labour, full-time and other low income students will pay no interest on their student loans while they are still studying. Under National, current student loan interest rates will go up. The difference is clear," Steve Maharey said.
Steve Maharey was commenting on a news report saying the interest rate was likely to jump from 7% to 7.6% from April next year.
"Already, the interest rate on the student loan scheme is one of the major issues during this election campaign.
"It rankles students and their parents that they have to pay so much to get a decent education. This news is going to antagonise those voters even further.
"National's desperate game of catch-up politics over the student loan scheme is not working and will not work. Students and their families know that National has no real commitment to lowering the costs of tertiary education," Steve Maharey said.

Next in Lifestyle

And The Oscar Goes To … 'Parasite'
By: Howard Davis
1917's 1,000 Yard Stare
By: Howard Davis
New Zealand set to host World Cup of Floorball in 2022
By: International Floorball Federation
Tuia 250 Voyage ends but Tuia - Our Future is Unstoppable
By: Tuia 250
NZ Fringe 2020 has launched
By: New Zealand Fringe Festival
Tuia 250 ending is just the beginning
By: New Zealand Government
Final stop for Tuia 250 Voyage celebrates past and future
By: Tuia 250
Tuia 250 Voyage flotilla arrival in Capital
By: Ministry for Culture and Heritage
Auckland Fringe Announces New Festival Director
By: Auckland Fringe
2019 NZ Comedy Guild Awards handed out
By: New Zealand Comedy Guild
View as: DESKTOP | MOBILEWe're in BETA! Send Feedback © Scoop Media