Removing the EFTS Cap #ScrapTheCap #LetUsFinish


This page is all about the info pertaining to our 2017 campaign with Te Oranga to eliminate the 7EFTs student loan cap.  We will post up to date announcements as they come to this page so keep your eyes peeled!


Our Petition

Perhaps the most important way to get our voice heard is by signing this petition! Share it with your friends and family and let’s get this movement going.


Our Stories

All this talk about the cap feeling all up in the air? Click on the videos below and have a listen to how this policy is having an all too real impact on students today.

Isaac Smith – 4th Year Medicine

Let Us Finish | Isaac Smith

Fourth year medical student, Isaac Smith, shares his story and how he is affected by the 8EFTS Cap. Before medical school, Isaac completed a Bachelor of Health Sciences. He went on to do Honours and a Postgraduate diploma looking particularly at mental health and working with survivors of domestic violence. Isaac started Medicine with hopes of becoming a Psychiatrist, with a focus in public health and making a real change for kiwis. As it stands with the 8EFTS Cap in place, this will not be happening.We believe students like Isaac have so much to offer our communities and patients.Please share this video and sign the petition to #LetUsFinish so our future doctors can graduate and get on with taking care of our communities. you, Isaac, for sharing your story! If you want to share your own story and message for the Minister, email OrangaNew Zealand Medical Students' Association (NZMSA)Kieran James Bunn Chayce Glass Fraser Jeffery Ajda Arsan Kera May

Posted by New Zealand Medical Students' Association (NZMSA) on Saturday, 12 August 2017

Freeman Apou – 3rd Year Student 

Let Us Finish | Freeman Apou

Third year Medical Student, Freeman Apou, shares why he's joining the fight to remove the 8EFTS Cap! Show Freeman and other medical students your support by sharing this video, so we can tell Minister Goldsmith to #LetUsFinish!We've signed the petition to remove the cap, so students like Freeman can graduate and become the doctors our communities so desperately need – have you? Sign here: you be affected by the student loan cap? Email to join the discussion. Ngā mihi Freeman for sharing your story with us!Te OrangaNew Zealand Medical Students' Association (NZMSA)Kieran James Bunn Chayce Glass Fraser Jeffery Carmen Chan

Posted by New Zealand Medical Students' Association (NZMSA) on Tuesday, 1 August 2017


Our Progress

Thanks to all the hard work of the team behind the campaign and all our supporters out there, we have started to spread the word and the media have picked up on it.

Below is an excerpt from our piece on TVNZ The Project:

No more doctors

Student loan caps are stopping medical students from completing their degrees, so what does it mean for the regions that are already struggling to fill GP positions?

Posted by The Project NZ on Thursday, 31 August 2017


And here is Kera Sherwood-O’Regan being interviewed by Re:

Half a Doctor?

The 2010 cap on student loans means many medical students will be unable to graduate. How can we help students finish med school so they can help us all in the future?

Posted by Re: on Monday, 21 August 2017


Our Battle

So what exactly does the EFTs cap mean? How exactly are we stopped from getting a student loan?

Basically, each paper you study in University has a EFTs value indicating how much of a full-time course of study a particular course or paper is expected to require.

In short, 0.8 EFTs or above in a year means you’ve been a full time student for a year.

The EFTs cap sits at 8.0 meaning that you can only take a maximum loan for what is equivalent to 8 full years of study.

Medicine alone is 5 years and is equivalent to 5.0 EFTs.

As post-graduate students entering medicine have above 3.0 EFTs prior to entering, they exceed the 8.0 EFTs cap meaning they do not qualify for a loan or living costs in their final year.

So what does this mean? It means that they have to front their full $15,000 tuition fee at the start of the year in order to finish their studies.

As banks do not lend to students not earning, it means that these students will have to take time off their studies to somehow finance $15,000 in order to pay to finish their degree (and that is not even factoring in their daily living costs!)

Our Stance

Have a look at our press release regarding the cap here  and check out the joint statement by us here at NZMSA and our partners Te Oranga on this issue below: