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21 Sep 2020 20:51
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  •   Home > News > Business

    The Government's being encouraged to take a tougher approach towards student debt

    The Government's being encouraged to take a tougher approach towards student debt


    Recent student loan data reveals 54 per cent of overseas-based borrowers, aren't taking "positive actions" towards repaying their loan.

    In fact, of the 1.5 billion dollars worth of debt that IRD considers overdue, more than 90 percent is owed by those living outside New Zealand.

    Former Revenue Minister Peter Dunne says everyone has an obligation to pay the money back so it's only right they do.

    He says stopping people at the border is an entirely appropriate step and should be encouraged .

    © 2020 Newstalk ZB, NZCity


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     20 Sep: Hopes Aucklanders affected by changes to public transport services adapt and find alternative routes
     20 Sep: Lane closures on Auckland's battered harbour bridge could deal a sharp blow to businesses
     19 Sep: The strategy reset at Fonterra is paying off, and farmers wallets will see the benefits
     19 Sep: An agricultural economist is relieved to see Fonterra back in the black
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    National's Finance spokesman Paul Goldsmith still feels his job is safe after making a four billion dollar blunder to an economic plan More...



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