East Coast Candidate
New Zealand National Party
MEDIA RELEASE - Available for Immediate Release
LABOUR'S $1 A WEEK BRIBE FOR STUDENTS
Labour's election bribe to tertiary students is worth $1 a week according to Matthew Parkinson, National party East
"Labour said tax cuts to of up to $10 per week were worthless in the hands of hard working middle New Zealand families.
The same party is now saying that interest repayment cuts of $1 a week to University students will make the world of
Mr Parkinson made his comments after speeches in Parliament this morning confirmed the $1 a week figure. "Labour wants
to take money off hard working New Zealand families and give it to tertiary students. Graduates earn on average $525,000
over the course of their working lives than non-graduates. It just shows that National is the party that cares about
hard working middle New Zealand families."
Mr Parkinson said students also need to keep a critical eye on other Labour party promises that will affect their loan
balance. "Labour is also hiding the fact that their excessive spending promises will raise interest rates and will in
fact increase the size of student loans. It gets worse. When those students establish their careers they are going to be
further "encouraged" by facing higher tax rates".
"The only students better off under the whole package Labour is proposing are those who stay at University forever or
who finish their degree and drop out to go on the dole"
For further information contact Matthew Parkinson (who actually has a student loan)
025 239 0506 or 06 867 7575