As the Nats stand exposed in another apparent dirty politics hit, Labor gets on with the job of winning the election. Jacinda Ardern today announced new policy:
Making tertiary education and training affordable for all
Despite Labour’s interest-free loans, cost remains a major barrier to post-school education. 65 per cent of parents list cost as a reason young people do not go into post-school learning, and 44 per cent of students report they do not have enough money to meet their basic needs. The cost barrier comprises both fees, which are up over 40 per cent since 2008, and rising living costs such as rent.
Study debt holds people back for years after they leave education. On average, people take eight years to clear their debt. Repayments make it harder to save and this is a contributing factor in plummeting home ownership among under 40s.
Labour will make tertiary education and training affordable for all by:
• Increasing living costs support with both a $50 a week boost to student allowances and a $50 a week lift to the maximum that can be borrowed for living costs
• Restoring post-graduate students’ eligibility for student allowances
• Restoring the eligibility of students in long courses, such as medicine, to access student allowances or loans beyond seven years FTE study
• Accelerating the three years’ free policy, starting with one year fees free full-time equivalent for everyone starting tertiary education or training for the first time from 1 January 2018, and extending this to three years’ free by 2024.
This policy will mean that young people can better afford to live while studying and will leave study with less debt. …
Labour has announced a $50 boost to student allowances & put a 2018 start date on its free post-secondary education https://t.co/hmHnS34y6y
— Newshub Politics (@NewshubPolitics) August 28, 2017
Big boost for education, tertiary study as Labour unveils spending plan https://t.co/mGRY7mu4uG
— Stuff.co.nz Politics (@NZStuffPolitics) August 28, 2017
Jacinda has announced her 11th policy as leader. Today's it's a big boost to make tertiary education more accessiblehttps://t.co/KQfWz9R1tT
— Neale Jones (@nealejones) August 28, 2017