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23 Feb 2020 5:35
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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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     Top Stories

    RUGBY RUGBY
    A home crowd but no advantage for the Chiefs More...


    BUSINESS BUSINESS
    Two fire crews are dampening down hotspots at the scene of a commercial fire in Christchurch's CBD More...



     Today's News

    Cricket:
    White Ferns captain Sophie Devine has powered her side home in their opening Twenty20 cricket World Cup against Sri Lanka in Perth 4:56

    Rugby:
    A home crowd but no advantage for the Chiefs 22:06

    Entertainment:
    Liam Gallagher is "so proud" of his daughter Molly Moorish 21:59

    Entertainment:
    Greg James has been "kidnapped" in a stunt by BBC Radio 1 after he failed to show up to work after a night partying at the BRIT Awards 21:29

    Living & Travel:
    The second biggest Lotto Powerball in the draw's history may have just given someone $35 million 21:17

    Entertainment:
    Kerry Washington admits that she wouldn't be friends with Reese Witherspoon "in the real world" 20:59

    Entertainment:
    Hoda Kotb wants her upcoming wedding to be "one beautiful moment" with "drunk dancing" 20:29

    Entertainment:
    Justin Bieber was "being stupid" when he challenged Tom Cruise to a fight 19:59

    Entertainment:
    Chris Noth has become a father for the second time 19:29

    Entertainment:
    Friends reunion special announced but it's unclear what it will look like 19:07


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