NZ's student loan balance at $16b, most Kiwi expats aren't paying it back on time
The Front Page - A podcast by NZ Herald
New Zealanders collectively owe more than $16 billion in student loan debt, a huge chunk of that is held my Kiwis abroad. Three-quarters of borrowers are behind in their repayments or simply not paying at all. Inland Revenue has been cracking down – even threatening arrests at the border. But along with the Government’s frustration comes distress from ex-students with not out-of-control debt. So, what can you do if your student loan continues to haunt you well after uni life? Today on The Front Page, NZ Herald reporter Raphael Franks has been delving into the numbers, and the stories of those who can’t - or aren’t - repaying their loans. Follow The Front Page on iHeartRadio, Apple Podcasts, Spotify or wherever you get your podcasts. You can read more about this and other stories in the New Zealand Herald, online at nzherald.co.nz, or tune in to news bulletins across the NZME network. Host: Chelsea DanielsEditor/Producer: Richard MartinProducer: Jane YeeSee omnystudio.com/listener for privacy information.
