The Australian Parliament yesterday passed legislation for extending the access to the student loans for the eligible citizens from New Zealand, who has been residing in Australia since childhood.
According to Simon Birmingham, Senator and Minister for Education and Training, it make perfect sense for the citizens from New Zealand who grew up as the children in Australia for receiving the same support for higher education as other Australians.
He said that the reasonable change will help assist the training and higher education requirement of the many citizens from New Zealand, who had made Australia their home, and building on close ties between our two nations.
He also added that as many as 2,600 citizens from New Zealand would become qualified for accessing the loans for helping them to pursue education in Australia and would also help them to study at the universities or higher level of training qualifications and vocational education in Australia.
Student loans would be extended to the visa holders from New Zealand with Special Category Visa who came into Australia as the dependent child and who had resided in Australia for minimum 10 year period of time. – Simon Birmingham added.
The minister also informed that the path of the Legislation Amendment regarding the Higher Education (Miscellaneous Measures) Bill 2015 also validate financial support limits for the prospected high-quality research projects supported through the Research Council of Australia.
According to him, the Bill offered over $3 billion in funding over the next four years for the important research programs that is administered by the Research Council of Australia. This permits for extra spending on the research projects of up to $1.5 billion over the next four years and it is the part of the innovation agenda of Turnbull’s government.
He also said that this would enable us to build the high-quality research which is already being undertaken in Australia and it also includes 899 latest research projects that he announced previous month in which the government of Australia had invested over $337 million. Present law reform regarding the higher education followed the passing of law previously this month for ensuring the student loan debt that could be removed from the students who are living abroad.