- Low Interest Loan Scheme for non-government schools doubled to $53million in 2013-14
Loans to help low and middle fee charging schools and provide more choice and education opportunities for WA students
Complements $581.8million committed in Budget over coming financial year for major public school capital works program
More non-government low and middle fee-charging schools will be built and upgraded after the State Government doubled the pool of funds available for capital works.
Through the 2013-2014 State Budget, the Low Interest Loans Scheme has been doubled from $26.5million to $53million in 2013-14 and indexed annually by the Consumer Price Index.
Treasurer Troy Buswell said doubling the pool of available funds would directly benefit Western Australian students and give parents more choice when it came to their children’s education.
“This is a very successful scheme that gives low and middle fee-charging non-government schools access to funds for capital works at favourable interest rates,” Mr Buswell said.
“Doubling the pool of funds available will allow low and middle fee-charging Catholic and independent schools to build more schools and make capital work improvements at their existing schools.”
Education Minister Peter Collier said the scheme would complement a major investment in capital works at public schools.
“The State Budget will see $581.8million invested in new public primary and secondary schools, new classrooms and upgrades at existing public schools and a commitment to a further six Child and Parent Centres, taking the total to 16,” Mr Collier said.
The Minister said the increase to the scheme was part of the Liberal National Government’s commitment to invest in frontline services to maintain high quality education services.
“The Liberal National Government will improve access to efficient and quality services for all West Australians,” he said.
Mr Collier said the State Government had a strong track record in supporting the private school sector.
“Since the Low Interest Loans Scheme began in 1988, 283 non-government schools have benefited,” he said. “There have been 1,171 loans approved at a cost of more than $655million.”
311 non-government schools operate across WA, educating more than 143,000 students
$4.4b allocated to education in the 2013-14 budget, an increase of 6.3% from 2012-13
Liberal National Government made an unprecedented $1.4b investment in school infrastructure between 2008-13, resulting in 26 schools and 640 classrooms built
Education Minister’s office - 6552 6300