Students are the only group in society that are expected to borrow for their living costs, and are currently considered as financially dependent on their parents until they are 25.
Last week, Helen went to Otago University to announce a change to the student allowance policy, which will mean that students are treated as independent from their parents, and are supported through their study.
We talk to Helen about the policy and ask students what it means for them.
2011 - Credit down grade. Over borrowing and a lack of savings!
2011 – Blind trust plus shares in Bank of America the same bank as NZ foreign debt? Conflict of interest?
Rena oil spill, Who allowed a stricken Liberian flagged container ship to sail into New Zealand? According to the maritime
union deregulation in 1990 by a former National government has created a situation where substandard flag of convenience
shipping has been encouraged and enabled
amy6194 4 months ago
Helen Clark is just such a politician. Unaffordable and irresponsible. We would all love it if the govt deployed the air force and started air dropping $100 notes over the country, unfortunately its not in any way responsible or sustainable.
markzwarriors 2 years ago
Kinda funny how Helen went to Otago university to announce this, everyone knows Otago students are stupid and would fail to see the inefficiency and great expense caused by this idea. Don't you think it would make more sense to spend the estimated $700 million on reducing or eliminating university fees, at least that way it would be known for sure that the money is being spent on something worthwhile not wasted at the pub.
ELECTION BRIBE!
harrow555555 3 years ago
whos paying for it?
herman5050 3 years ago
What a great multiplier factor ... downstream, our graduates will be able to get a toe into the housing market earlier, and then get on with generative business of producing New Zealand's next generation of tax payers. Win-win all round, eh?
Hexpedicious 3 years ago
Sounds like a good idea, but think about it. Who really benefits? I'll tell you, the pubs, druggies,ski fields,Sky TV etc,that's who! Most of the allowance will be wasted & not used to actually make the cost of getting an education cheaper.
If you want to truly reduce student debt pump more money into the education system itself, don't buy votes again in an election year.
Reducing course fees etc directly benefits students & is a more targeted,better use of my tax dollar. Election bribe!!!
kiwicoke 3 years ago 2