Productivity Commission says interest should be put back on student loansMORNING REPORT/Radio New Zealand The Government is being urged by the Productivity Commission to abolish University Entrance and instead consider setting up a 45-thousand dollar account for every teenager to spend on tertiary education. The Productivity Commission, an independent Crown entity, is recommending interest be charged on new student loans, as part of a proposed overhaul of the tertiary education sector. Not charging interest on student loans was costing the country about $300 million a year, commission chairman Murray Sherwin said. STUDENT EDUCATION ACCOUNTANDY JACKSON/ FAIRFAX NZ Greens tertiary education ministry Gareth Hughes said the party was "absolutely opposed" to adding interest to student loans. Greens tertiary education spokesman Gareth Hughes said the party was "absolutely opposed" to adding interest to student loans.

Source: Stuff September 28, 2016 16:00 UTC