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23 May 2024 8:34
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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
     23 May: A new bill to allow consumers to share their data with companies, hopes to give people more power
     23 May: UK general election called for July 4, Prime Minister Rishi Sunak makes surprise early announcement
     23 May: About two thirds of local body leaders across the country want the Government to rethink changes to Maori wards
     22 May: Labour's leader is warning the Government it shouldn't dump a grant for first home buyers
     22 May: TikTok law threatening a ban if the app isn’t sold raises First Amendment concerns
     22 May: NZ wine grower sentenced to community detention for smuggling Australian vine cuttings in a suitcase
     22 May: A group of children is calling on Wellington City Council to make playgrounds more exciting
     Top Stories

    RUGBY RUGBY
    Aaron Smith is advocating a 'Giteau-Law' type rule for All Blacks selection from abroad and believes the selection criteria will change in this World Cup cycle More...


    BUSINESS BUSINESS
    The Reserve Bank governor says the Monetary Policy Committee spent considerable time discussing the possibility of hiking the Official Cash Rate More...



     Today's News

    National:
    UK election called for 4 July – what happens next? 8:27

    Rugby:
    Aaron Smith is advocating a 'Giteau-Law' type rule for All Blacks selection from abroad and believes the selection criteria will change in this World Cup cycle 8:17

    National:
    Norway, Ireland, Spain recognise Palestinian statehood: what this means for Middle East peace – expert Q&A 8:17

    Law and Order:
    Australian mother accused of bringing heroin and cocaine into Taiwan as part of 'drug transport syndicate' 8:17

    Business:
    The Reserve Bank governor says the Monetary Policy Committee spent considerable time discussing the possibility of hiking the Official Cash Rate 8:17

    Soccer:
    A longer contract for Phoenix football coach Giancarlo Italiano appears imminent 8:07

    Entertainment:
    Sofia Richie is "having a breakdown" before giving birth, according to her dad Lionel 8:06

    Business:
    A new bill to allow consumers to share their data with companies, hopes to give people more power 7:57

    Law and Order:
    A Police manhunt is continuing, after an active shooter alert at a South Auckland hotel last night 7:47

    Politics:
    UK general election called for July 4, Prime Minister Rishi Sunak makes surprise early announcement 7:37


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