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29 May 2024 4:31
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  •   Home > News > Politics

    It's thought the cost-of-living crisis could bring a silver-lining to Kiwis student loans

    It's thought the cost-of-living crisis could bring a silver-lining to Kiwis student loans


    New Zealand's one of the few countries that doesn't apply indexation to loan totals -- meaning no adjustments to account for inflation.

    North Harbour Budgeting Services' David Verry says young Kiwis are better off sticking to the minimum loan-repayment amounts -- than rushing to pay it off as soon as possible.

    He says the longer people extend it out -- the less they're effectively paying back -- as inflation eats away at the total.
    04-24-24 1740

    © 2024 Newstalk ZB, NZCity

     Other Politics News
     28 May: Why only six bodies of the thousands feared dead in the PNG landslide have been recovered
     28 May: The Foreign Minister has called Te Pati Maori a disgrace to Maori leadership - after it's supported a tangata whenua strike on Budget Thursday
     28 May: South Africans go to the polls to choose a new government: what’s different this time
     28 May: French government to lift New Caledonia's state of emergency in bid to ease tensions on riot-hit island
     28 May: New moves in Dunedin to tackle safety issues at the city's bus hub
     27 May: Labour's leader says promising net job creation - was smoke and mirrors
     27 May: The Auckland Business Chamber survey has highlighted low confidence in business across the spectrum
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