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28 Feb 2020 5:29
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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
     27 Feb: Simon Bridges has told a packed room in Tauranga that we need to harass and disrupt gangs
     27 Feb: Frustration as the Government doesn't put its foot down on asking petrol companies to display premium petrol prices
     27 Feb: Warnings from a justice advocacy group... systemic bias is harming Maori
     26 Feb: An eighty million dollar lawsuit against ANZ will begin next week
     26 Feb: Leaked emails reveal Wellington's mayor and new council boss are coming under pressure to publicly front up, as the city's water woes reach 'crisis point'
     26 Feb: A defence lawyer says the Government has an obligation to rehabilitate prisoners, including letting them vote
     26 Feb: The Greens candidate standing in the Prime Minister's Mt Albert electorate, thinks prisoners should have the right to vote
     Top Stories

    RUGBY RUGBY
    New Zealand Rugby are set to post a multi-million dollar loss for 2019 and are forecasting another deficit for 2020 More...


    BUSINESS BUSINESS
    Frustration as the Government doesn't put its foot down on asking petrol companies to display premium petrol prices More...



     Today's News

    Rugby:
    New Zealand Rugby are set to post a multi-million dollar loss for 2019 and are forecasting another deficit for 2020 4:46

    Entertainment:
    Brittany Snow and her fiancé have the same taste in cutlery 21:59

    Politics:
    Simon Bridges has told a packed room in Tauranga that we need to harass and disrupt gangs 21:57

    Entertainment:
    Kelly Clarkson will return as the host of the Billboard Music Awards later this year 21:29

    Law and Order:
    A 44 year old Christchurch man's been arrested and large amounts of drugs, guns and cash have been seized - after a gang-pad raid this morning 21:17

    Business:
    Frustration as the Government doesn't put its foot down on asking petrol companies to display premium petrol prices 21:17

    Entertainment:
    Sadie Frost's son has been doing "work experience" on the set of her new documentary 20:59

    Entertainment:
    Jessica Simpson's children are in "awe" of the success of her memoir 20:29

    Entertainment:
    Olly Murs is thrilled with the results of his weight-loss plan 19:59

    International:
    China's Chang'e-4 provides first detailed images of what lies beneath the far side of the Moon 19:37


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