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27 Sep 2020 0:07
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  •   Home > News > Politics

    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.

    © 2020 Newstalk ZB, NZCity


     Other Politics News
     26 Sep: The latest One News Colmar Brunton Poll shows support for cannabis legalisation is falling
     26 Sep: A new report by the Medical Council has found inequity in our healthcare system is hurting Maori
     26 Sep: Scott Morrison urges sharing of COVID-19 vaccine in his United Nations speech
     25 Sep: Whanau Ora is working with other Maori agencies to support children with a new initiative.
     25 Sep: Scott Morrison says the number of coronavirus deaths in Sweden is 20 times those in Australia. Is he correct?
     25 Sep: Calls for more accessible information about medicinal cannabis
     25 Sep: Ousted Auditor-General Martin Matthews has secured a new job in local government
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     Today's News

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    Emergency services are dealing with what police say is a 'serious' a two-vehicle crash in Ashburton 21:57

    Entertainment:
    Drew Barrymore's experience with dating apps was a "car wreck" 21:31

    Politics:
    The latest One News Colmar Brunton Poll shows support for cannabis legalisation is falling 21:17

    Entertainment:
    Brian Cox has defended JK Rowling from accusations that she made anti-trans comments 21:01

    Entertainment:
    Jane Sibbett was originally offered Jennifer Aniston's role on 'Friends' 20:31

    Entertainment:
    Katie Price is working on a new song for her musical comeback 20:01

    Entertainment:
    Donnie Wahlberg surprised Jenny McCarthy with a Zoom wedding vow renewal 19:31

    Entertainment:
    Sir David Attenborough has joined Instagram 19:01

    Politics:
    A new report by the Medical Council has found inequity in our healthcare system is hurting Maori 18:57

    Health & Safety:
    A lack of diversity in New Zealand's healthcare system is putting pressure on Maori doctors 18:37


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