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Student Loan Scheme Act a mixed bag for students and graduates

The NZ University Students' Association (NZUSA) says the cost of study will go up yet again as borrowers are charged new fees in the Student Loan Scheme Act passed under urgency in Parliament on 18 August. On the positive side, the Bill has also introduced some administrative changes that will improve the administration, efficiency and ease of use of the Student Loan Scheme.

Other changes in the Act, lobbied for by students, include long overdue legislative provision for the electronic management of loans, and for overpayments to be refunded to the borrower (in keeping with other excess repayments).

More information on the Bill is available on the Parliamentary website at:
http://www.parliament.nz/en-NZ/PB/Legislation/Bills/0/5/7/00DBHOH_BILL10306_1-Student-Loan-Scheme-Bill.htm

NZUSA's full response to the Bill can be found at:
http://www.scoop.co.nz/stories/PO1108/S00241/student-loan-scheme-act-a-mixed-bag.htm