heard from someone on the inside that its not what it seems. Company not wound up but sold to a new owner and that it has ceased trading for a week to hand over. New owner Phil someone had meeting with students and staff.
Polytec carrying and do not want to finish with student loans as its a much a gravy chain for them.
Apparently the calibre of students now in NZ is reaching rock bottom and really the scheme should be finsihed. Rumour is that the minister Ann Tolley and Bill english will finish at the end of 2010.
