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Questions to Ask About Your Student Loan Debt

24/8/2018

 
Questions that you should know the answers to:
  • How old will you be when you pay your student loan  debt off?
  • How much interest and penalties will you have paid by then?
    • What about if interest is reintroduced for New Zealand resident student loan borrowers?
    • What about if interest rates increase by, say, 5%?
    • What about if the bankruptcy option was removed?
  • How much better off, psychologically and financially, would you be if the realistic, expected repayment date was sooner?
If you don't like your answers, or you don't have a realistic idea of your answers, what positive steps could you start taking now to change this?

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