Labour's Tertiary bribe unprecedented foolishness

act-new-zealand

Tue Jul 26 2005 12:00:00 GMT+1200 (New Zealand Standard Time)

Labour's Tertiary bribe unprecedented foolishness

Tuesday, 26 July 2005, 1:49 pm
Press Release: ACT New Zealand

Labour's Tertiary bribe unprecedented foolishness- ACT

Rodney Hide Tuesday, 26 July 2005 Press Releases - Tertiary Education

Labour's attempt to outbid National by slashing the interest off student loans for people who stay in New Zealand will encourage students to get deeper and deeper into debt, ACT Leader Rodney Hide said today.

"Labour's existing policy of no interest while studying has seen the debt explode from $3 billion to $7 billion.

"Worse, the average debt has jumped 22% from $11,885 to $14,491.

"This is a bidding war started by National.

"It will cost taxpayers dearly and will leave students with massive debts

"What student won't take out a loan to the max.

"The best thing Labour and National could do for graduates - indeed all New Zealanders - is to give every hardworking Kiwi a decent tax cut now," Mr Hide said.

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 ACT New Zealand on InfoPages.