Student Loan Debt, New Zealand
  • Home
  • Testimonials
  • Options
  • Planning
  • Blog
  • About
  • Contact

Mental health and student loans

20/2/2017

0 Comments

 
The Independent reports that UK student loans are having a devastating effect on the finances and mental health of many borrowers. In our experience, the situation is similar in New Zealand but there is less discussion. Commonly we see situations where debtors and their families are humiliated and ridiculed by debt collectors, the IRD, and in the media. The heavy handed collection approach causes many to give up in despair.
 
As the Independent also reports, New Zealand student loan debtors have the second highest average debt out of all English speaking countries. In an election year we should be asking who this high level of debt benefits. We also need to know what the plans are for the future management of student loan debt. Will the IRD offer more flexible payment solutions? Will interest be reinstated for New Zealand based borrowers? Will the debt be sold to private debt collectors? If new students incur less debt under a new government's new policies, how will we ensure that people with existing debts are treated fairly? 

​Let's talk about the issues and the fairest way forward.
0 Comments

    Archive

    June 2019
    May 2019
    March 2019
    January 2019
    December 2018
    November 2018
    October 2018
    September 2018
    August 2018
    July 2018
    June 2018
    May 2018
    April 2018
    March 2018
    February 2018
    January 2018
    December 2017
    November 2017
    September 2017
    July 2017
    May 2017
    April 2017
    March 2017
    February 2017
    December 2016
    November 2016
    October 2016
    September 2016
    August 2016
    June 2016
    April 2016
    January 2016
    November 2015
    September 2015
    August 2015
    July 2015
    June 2015
    May 2015
    April 2015
    March 2015
    February 2015
    January 2015
    December 2014
    November 2014
    October 2014
    September 2014
    June 2014
    May 2014
    April 2014
    March 2014
    February 2014
    January 2014
    December 2013
    September 2013
    August 2013
    July 2013
    June 2013

 ______________________________________________
© Student Loans Limited.  Email: help@studentloan.org.nz.