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27 May 2024 18:34
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  •   Home > News > Politics

    It's thought the cost-of-living crisis could bring a silver-lining to Kiwis student loans

    It's thought the cost-of-living crisis could bring a silver-lining to Kiwis student loans


    New Zealand's one of the few countries that doesn't apply indexation to loan totals -- meaning no adjustments to account for inflation.

    North Harbour Budgeting Services' David Verry says young Kiwis are better off sticking to the minimum loan-repayment amounts -- than rushing to pay it off as soon as possible.

    He says the longer people extend it out -- the less they're effectively paying back -- as inflation eats away at the total.
    04-24-24 1740

    © 2024 Newstalk ZB, NZCity

     Other Politics News
     27 May: The Auckland Business Chamber survey has highlighted low confidence in business across the spectrum
     27 May: A multi-agency group's being set up to address safety concerns at Dunedin's bus hub
     27 May: Wellington City Council could sell only some of its airport shares
     26 May: Labour Party Leader Chris Hipkins says charter schools are the wrong way to address outlying students
     26 May: The Finance Minister is playing down any major surprises in this week's Budget
     26 May: Labour says the Government's plan to increase teachers, won't go anywhere near as far as what they did
     26 May: Gun owners aren't seeking mental health help, out of worry their firearms could be stripped away
     Top Stories

    RUGBY RUGBY
    New coach Ross Filipo is placing priority on continuing the work done by previous coaches in building the legacy of the Maori All Blacks More...


    BUSINESS BUSINESS
    The Auckland Business Chamber survey has highlighted low confidence in business across the spectrum More...



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