News | Business
29 Feb 2020 19:16
NZCity News
NZCity CalculatorReturn to NZCity

  • Start Page
  • Personalise
  • Sport
  • Weather
  • Finance
  • Shopping
  • Jobs
  • Horoscopes
  • Lotto Results
  • Photo Gallery
  • Site Gallery
  • TVNow
  • Dating
  • SearchNZ
  • NZSearch
  • Crime.co.nz
  • RugbyLeague
  • Make Home
  • About NZCity
  • Contact NZCity
  • Your Privacy
  • Advertising
  • Login
  • Join for Free

  •   Home > News > Business

    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 Business News
     29 Feb: Effects of the coronavirus outbreak have led economists to forecast global growth will slip to 2.4 percent this year, the slowest since the Great Recession in 2009, and down from earlier expectations closer to 3 percent
     29 Feb: The list of countries touched by coronavirus climbed to nearly 60 as Mexico, Belarus, Lithuania, New Zealand, Nigeria, Azerbaijan, Iceland and the Netherlands reported their first cases
     29 Feb: A long-awaited drought classification has brought relief to Waikato farmers
     29 Feb: Netflix is benefiting from coronavirus
     29 Feb: Corona beer has lost a major chunk of profit during the coronavirus outbreak
     28 Feb: New Zealand markets have the ability to withstand the coronavirus outbreak
     28 Feb: New Zealand Rugby is a matter of weeks away from deciding if it will enter formal discussions to allow private equity groups to invest in the organisation
     Top Stories

    RUGBY RUGBY
    Tim Mikkelson's record breaking achievement has snuck up on him More...


    BUSINESS BUSINESS
    Effects of the coronavirus outbreak have led economists to forecast global growth will slip to 2.4 percent this year, the slowest since the Great Recession in 2009, and down from earlier expectations closer to 3 percent More...



     Today's News

    Golf:
    There's a two way tie for the lead after the third round of the New Zealand Golf Open in Queenstown 19:07

    International:
    Australia announces Iran travel ban amid coronavirus outbreak 19:07

    Entertainment:
    Peter Andre wants to write his own series of children's books 18:59

    Rugby:
    Tim Mikkelson's record breaking achievement has snuck up on him 18:57

    Environment:
    The Hurricanes have won their third game on the trot with a 62-15 victory over the Sunwolves in Napier 18:37

    Law and Order:
    Three men have been arrested after a cannabis crop of around 3000 plants were found in greenhouses outside of Adelaide 18:37

    Entertainment:
    Danny Cipriani has organised a tribute to the late Caroline Flack at his rugby match on Friday (28.02.20) 18:29

    Golf:
    Michael Hendry has put himself into contention to win a second New Zealand Golf Open 18:07

    Entertainment:
    Harry Morton died due to an irregular heartbeat 17:59

    Entertainment:
    'Lizzie McGuire' creator Terri Minsky was fired from the show's reboot because Disney+ wanted a family-friendly programme 17:29


     News Search






    Power Search


    © 2020 New Zealand City Ltd