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25 Feb 2020 11:14
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  •   Home > News > Politics

    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 Politics News
     25 Feb: More than five thousand people have signed a petition calling on Queenstown's mayor to make rental car companies accountable for drivers
     24 Feb: China is allocating 99.5 billion yuan -- or 22.3-billion-NZ-dollars -- to curb the coronavirus outbreak.
     24 Feb: The Social Development Minister says boosting benefit payments is an enduring change for Kiwis
     24 Feb: It could be 15 years before a troubled Christchurch psychiatric hospital gets a rebuild
     24 Feb: Air New Zealand says the coronavirus outbreak will hit its bottom line -- to tune of up to 75 million dollars
     24 Feb: A school principal wants retailers to bear more responsibility when it comes to vaping
     23 Feb: The Maori Party's newest candidate says the Government isn't taking major Maori issues at all seriously
     Top Stories

    RUGBY RUGBY
    Ardie Savea has doubled-down on his hopes of playing rugby league in another new podcast More...


    BUSINESS BUSINESS
    Independent MP Jami-Lee Ross and the three other defendants have pleaded not guilty to Serious Fraud Office charges More...



     Today's News

    Rugby League:
    Ardie Savea has doubled-down on his hopes of playing rugby league in another new podcast 11:07

    Entertainment:
    Brandon Jenner and Cayley Stoker have welcomed twins 10:59

    Business:
    Independent MP Jami-Lee Ross and the three other defendants have pleaded not guilty to Serious Fraud Office charges 10:57

    Cricket:
    Neil Wagner will return to the Black Caps side for the second cricket test against India, starting on Saturday in Christchurch 10:57

    Entertainment:
    James Corden rates his 'Cats' "regret" as "4.5" out of 10 10:29

    Living & Travel:
    The SPCA's released its list of the 12 worst cases of animal abuse, abandonment and neglect from the past year 10:27

    Education:
    Massey University academics and students are concerned about plans to cut spending by 18 million dollars a year 10:07

    Law and Order:
    YouTube lets people view Alison Parker's murder. Her father won't stop until every video is removed 10:07

    Entertainment:
    Travis Mills has confirmed his split from Madelaine Petsch 9:59

    Entertainment:
    Amanda Bynes' family are reportedly poised to block her marriage 9:29


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