Cost of education races ahead of inflation

Posted By TEU on Apr 17, 2013 |

Statistics New Zealand released its Consumer Price Index inflation statistics yesterday and revealed that the cost of tertiary education rose four times as fast as CPI for other goods and services. While CPI for the year to March rose 0.9 percent, the cost of tertiary education rose 3.8 percent.

TEU national president Lesley Francey says that growing cost of tertiary education risks excluding students from the opportunity to learn.

“Students need to borrow more and take on more debt to learn, and for some that is simply not viable.”

It is not just tertiary education where the cost is becoming more prohibitive – early childhood education (2.5 percent), primary and secondary (4.7 percent) and other education (4.9 percent) are all also rising in cost faster than CPI.

“In every instance this is because the government is choosing to treat public education as a cost it needs to pay rather than an investment in New Zealanders,” said Lesley Francey.

“We believe that all people have a right as citizens to an education. Education gives the power to change people’s lives, and the opportunities a community needs to thrive. It improves health, democracy, culture, and equality in our communities.”

“So it’s not fair when hundreds of thousands of our students and future students are burdened with huge debts, or worse, miss the opportunity to learn because of the threat of debts they cannot afford,” said Lesley Francey.

TEU is organising marches and rallies to oppose student debt on 14 August this year.  You can register your support for the campaign here.

For more information

Lesley Francey, TEU national president, 04 8014792 or 021 657 059
Stephen Day, TEU communications officer, 021 2900 734 or 04 8014792

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