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Salient. Newspaper of the Victoria University Students' Association. Vol 42 No. 8. April 23 1979

$10,000 in Six Weeks

$10,000 in Six Weeks

Students will be pleased to know that while they wait in dire poverty for bursary to be paid out, their $650,000 is being put to good use.

The money, paid by the Government to the university in early April, is invested on a daily basis in an unnamed market for the two weeks before it reaches your hands.

A Wellington investment company estimates that such an investment could earn more than $2,600.

So what is it being used for? Mr Williams, Victoria University accountant, says that it is not used for anything specific but just becomes part of "general income'"

The Same procedure is followed for the next three bursary payments, so in effect the university could be earning more than $10,000 from your bursary.

And while the university is busy making students' money work for them, many students are finding economic pressure too great.

While some are able to get loans, others have had to drop out of full-time courses to find jobs. And there is no possibility of receiving even a portion of their money before the date set by university bureacracy.