News | Education
3 Jul 2025 7:22
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  •   Home > News > Education

    The stifling nature of interest rates attached to student loans, is being highlighted by a budget advisor

    The stifling nature of interest rates attached to student loans, is being highlighted by a budget advisor


    Auckland Airport
    Auckland Airport
    They're in the news following the arrest at Auckland Airport of a woman who'd come home from the United States.

    Students living in New Zealand have no interest on their loans, but there's a four-percent interest rate for New Zealanders based overseas, and eight-percent for late payments.

    FinCap CEO Tim Barnett says these rates can be overwhelming, especially if a person isn't working - and the debt can 'explode' by four or five times.

    © 2025 Newstalk ZB, NZCity

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     27 Jun: More than 17 schools around Nelson and Tasman are closed, due to the wet weather
     26 Jun: Whose story is being told — and why? 4 questions museum visitors should ask themselves this school holidays
     25 Jun: Auckland City's amateurs have held Argentina's professional Boca Juniors to a 1-all Club World Cup draw in Nashville, despite shipping 16 goals from their previous two matches
     Top Stories

    RUGBY RUGBY
    The Junior Tall Blacks have advanced to the last eight of the under-19 basketball World Cup for the first time More...


    BUSINESS BUSINESS
    Prices for top-end butter are through the roof, with little recourse for shoppers More...



     Today's News

    Law and Order:
    Investigations are continuing, after the discovery of newborn baby's body in an Auckland wheelie bin 7:17

    Basketball:
    The Junior Tall Blacks have advanced to the last eight of the under-19 basketball World Cup for the first time 7:17

    Law and Order:
    Sean 'Diddy' Combs found not guilty of sex trafficking and racketeering but guilty of transport for prostitution 7:07

    Entertainment:
    Queen Latifah's first paycheque was "87 bucks" from Burger King 7:06

    Environment:
    Some parts of the country are bracing for more heavy weather, less than a week on from severe flooding 6:57

    Entertainment:
    Jessie J is still awaiting the results of her recent surgery 6:36

    Entertainment:
    Sean 'Diddy' Combs' attorney claims that allegations against the rapper have been "badly exaggerated" 6:06

    Law and Order:
    Police have charged 12 more people - over a large dangerous boy racer meet in Levin, over King's Birthday weekend 21:57

    Entertainment:
    Sir Rod Stewart came close to cancelling his Glastonbury performance 21:36

    Rugby:
    The Maori All Blacks are making some strategic adjustments as they prepare to host Scotland in Whangarei on Saturday 21:17


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