Comments on: What is National planning on student loans?

By: Joyce perpetuating myths on student loan scheme « Red Alert

Joyce perpetuating myths on student loan scheme « Red Alert — Sat, 20 Feb 2010 03:54:24 +0000

[...] those who have not been following the saga. John Key appoints Steven Joyce as Tertiary Minister because there are ‘economic’ issues to deal with in the portfolio [...]

By: Darel

Darel — Wed, 03 Feb 2010 02:46:42 +0000

In 1999 I led a petition signed by about half of University of Canterbury students referred to the social services select committee calling for only the CPI to be assessed on student loans each year.

I wonder if half would still consider that fair enough to take the time ro sign a petition?

I know this is a minority position but I think it’s worth another look to see what people view as fair.

By: Sam

Sam — Wed, 03 Feb 2010 01:06:38 +0000

A little while ago Marty of The Standard did the maths on the 10% bonus repayment scheme the Government introduced and found that it makes no sense to do it unless there was interest. The interest-free policy has always attracted a lot of vitriol from the right, as stated earlier with every bone in Key’s body etc, so my guess is interest on the loans either through the government a la the case before 2005 or privatisation.

By: Education Directions

Education Directions — Tue, 02 Feb 2010 23:13:53 +0000

Virgin funding?…

Saw TEU asking on their Facebook page whether a student auctioning their virginity was a sign of decreasing funding, but the prominence of the story is more of a sign of sensationalist reporting (me included – great excuse for a silly headline). …

By: millsy

millsy — Tue, 02 Feb 2010 09:32:21 +0000

Looks like interest-free loans are staying, according to our Great and Glorious PM.

As I said before, I’m picking an opening up of the student loans scheme to the private sector – like in Australia and the USA.

Or there could be stuff like the following:

1) Limits on amount students can burrow
2) Allowing KiwiSaver to be used for uni fees
3) A saving scheme for tertiary education (Labour proposed this back in 2001-02, but it was killed)

Etc.

By: Fisiani

Fisiani — Tue, 02 Feb 2010 09:09:46 +0000

Could be interest free only whilst studying. Turns out the interest free extends post study.
Every accountancy student at Otago told in first year to borrow the maximum and invest it in high interest accounts giving a tidy profit after 5 years all all the expense of ordinary Kiwis. Are these the bludgers that Phil wants to stop?

By: Herodotus

Herodotus — Tue, 02 Feb 2010 06:25:40 +0000

Perhaps My Joyce will subsidise local councils to provide FREE library use, as I recall that Alan Duff was promoting a reading scheme to assist. And when I say free, I refer to no charges totake books out, not the Political idea of free, meaning part charges!!

By: Herodotus

Herodotus — Tue, 02 Feb 2010 06:20:49 +0000

Perhaps spending a greater percentage at the early stages and not like what is currently the practice of giving money at the end of an education journey. ALL because tertiary students vote do they get such attention. How about spending on the foundations setup at the beginning are far more beneficial for all of us and the country. Not that I support Nat Stds but I do follow the 2 R’s and one A.

By: millsy

millsy — Tue, 02 Feb 2010 03:56:07 +0000

Something overlooked here is the opening up of student loans to private providers.

I wouldnt rule out something along the lines of that.

BTW, I think education should be free as well, but not under the current system. The current system is designed for user-pays. The whole system needs a major overhaul (including the way in which qualifications are structured and delivered) before we come to the question of free education.

By: StephenR

StephenR — Tue, 02 Feb 2010 00:24:41 +0000

Overseas students pay a lot of money, that’s why we let them in!