News | Education
28 Feb 2020 6:04
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  •   Home > News > Education

    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 Education News
     26 Feb: Student unions are disappointed with Massey University's lack of communication
     26 Feb: As another Alzheimer's treatment fails, experts are divided on where to next
     25 Feb: A tertiary student has died from meningitis in Canterbury
     25 Feb: Massey University academics and students are concerned about plans to cut spending by 18 million dollars a year
     24 Feb: A school principal wants retailers to bear more responsibility when it comes to vaping
     22 Feb: Indonesian flash flooding sweeps nearly 250 students into river leaving seven dead, three missing
     20 Feb: As the school year's set to kick off... new resources are on the way to help students with dyslexia
     Top Stories

    RUGBY RUGBY
    New Zealand Rugby are preparing to deal with back-to-back financial losses 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 preparing to deal with back-to-back financial losses 5:56

    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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