Bill English National Leader
3 July 2002
Student loans frustration grows
Student frustration at Labour's inability to deal with the student loan issue is understandable, says National Leader
Bill English.
"Labour promised to fix the student loan problem, yet instead under their stewardship, student debt has escalated.
"Under Labour, student debt has increased at least $1.5b to nearly $5b, students are borrowing more, and the number
borrowing is soaring.
"Long-term student debt projection has been revised up by around 30% since Labour's scheme was introduced.
"National will soon be announcing a policy on the student loan problem," Mr English said.
Ends