No Credit In Keeping Loan Interest Rate Static

green-party

Thu Feb 28 2002 13:00:00 GMT+1300 (New Zealand Daylight Time)

No Credit In Keeping Loan Interest Rate Static

Thursday, 28 February 2002, 4:21 pm
Press Release: Green Party

Green Tertiary Education Spokesperson Nandor Tanczos today said students across the country would be disappointed with news that the interest rate on student loans was staying static at seven per cent.

"The Alliance MPs are congratulating themselves on keeping the interest rate at seven per cent. They are having a laugh. This is higher than commercial rates. The Government should not be making money off the backs of students."

Nandor said given the Alliance's self congratulation he wondered whether there had actually been an effort made by the Labour Party to have the interest rate increased.

"Students all over the country are telling me story after story about the disastrous impact of the student loans scheme on their lives.

"In the third year of this Government we were all expecting much more. It is amazing to see the Alliance claiming the credit for keeping the student loan interest rate at seven per cent in the same month as student debt hit $5 billion."

Ends

Advertisement - scroll to continue reading

a.supporter:hover {background:#EC4438!important;} @media screen and (max-width: 480px) { #byline-block div.byline-block {padding-right:16px;}}

Using Scoop for work?

Scoop is free for personal use, but you’ll need a licence for work use. This is part of our Ethical Paywall and how we fund Scoop. Join today with plans starting from less than $3 per week, plus gain access to exclusive Pro features.

Join Pro Individual Find out more

Find more from Green Party on InfoPages.