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25 Feb 2020 9:13
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  •   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


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     Today's News

    Boxing:
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    Entertainment:
    Justin Bieber ranked his wife's friends from favourite to least favourite on 'The Late Late Show With James Corden' 8:59

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    Law and Order:
    Some US sources "disappeared" after WikiLeaks' published their real names 8:17

    Soccer:
    To our sporting coronavirus wrap.. 8:07

    Education:
    Hundreds of Massey University students may have to move to another campus, as the institution tries to save 18-million dollars 8:07

    Entertainment:
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    International:
    NASA InSight mission confirms Mars has quakes, but its atmosphere and magnetic fields are weird 7:57

    Business:
    A new telecommunications cable is about to be laid across Cook Strait 7:57

    Law and Order:
    A homicide investigation has been launched, following a firearms incident in the Far North 7:47


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