Labour Makes Stuff Up

Labour recently announced that students who live in New Zealand will have interest waived off on student loans - costing a maximum of $302 million. Where did they get that figure from?
A leading economist for theWestpac bank has
said that costs will blow out to three times that amount - to more than a billion dollars. Trevor Mallard says Westpac'S analysis was "extremist and scaremongering". "scaremongering" - in other words, probably more closer to the mark than Cullen's guesstimate, but he doesn’t want everyone to know that in case Labour slide in the polls.

Of course Treasury is not estimating this policy as it is not government policy - it is only Labour policy. I just thought you`d like to know that.

I still have to look at it a bit more, but from a fiscal point of view it sounds like a pretty dodgy policy to me - but if I was a full time student I`d take the $150.00 per week on living costs and invest it too.