Key points about the Student Loan Scheme
Last night John Key gave a presentation to National Party members in Eastbourne. He made the following points about Labour's Student Loans:
1. It does not reduce the amount of the payment required.
2. It is an incentive to borrow as much as possible.
3. The difference for the average student is only 2 years of payments.
4. 95% of students will gain 5% of the benefit, 5% will gain 95% of the benefits. The 5% will generally be Doctors or Dentists who earn salaries of $75,000 plus as new graduates.
He also said that the tax cuts will be a better deal for students overall than the interest free loans. We'll have to wait and see!
I will comment that he left me with the impression that he'd be lousy as a History Lecturer, but a brilliant Minister of Finance. We can only live in hope.
1. It does not reduce the amount of the payment required.
2. It is an incentive to borrow as much as possible.
3. The difference for the average student is only 2 years of payments.
4. 95% of students will gain 5% of the benefit, 5% will gain 95% of the benefits. The 5% will generally be Doctors or Dentists who earn salaries of $75,000 plus as new graduates.
He also said that the tax cuts will be a better deal for students overall than the interest free loans. We'll have to wait and see!
I will comment that he left me with the impression that he'd be lousy as a History Lecturer, but a brilliant Minister of Finance. We can only live in hope.
posted by Michael at
9:19 PM
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