If New Zealand employers want to attract and retain good talent, this could be a good option to consider. If you know of any employers who offer this benefit, please let us know, so that their good deeds can be publicly recognised.
A recent study reported that 3% of US employers offer student loan repayment benefits. While 3% is not much, it is better than New Zealand. New Zealand employers who offer a general student loan repayment perk are rare.
If New Zealand employers want to attract and retain good talent, this could be a good option to consider. If you know of any employers who offer this benefit, please let us know, so that their good deeds can be publicly recognised.
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A recent study found that having a student loan debt can make borrowers significantly worse off for the rest of their lives. According to Fuseworks Media, a couple with a student loan debt of $30,000 each "will be $240,000 worse off in retirement than a couple without debt but with the same earnings, principally because of the delay in entering the housing market".
Studying can enhance your future finances, but for many, student loan debt is a path to long term financial disadvantage. Be careful. |
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November 2020
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