Student loan myth #2: CCI or Baycorp contacted me about my NZ student loan. They say my debt is $x.
Student loan truth: In most cases, that we know of, the amount demanded by CCI/Baycorp is only the overdue arrears part of the student loan debt. It is not the full debt. The full debt may be much more. Paying the amount demanded without first having full knowledge of the overall debt, and all of your options, is like having cancer surgery without first trying to find out how big the tumour is.
Student loan truth: In most cases, that we know of, the amount demanded by CCI/Baycorp is only the overdue arrears part of the student loan debt. It is not the full debt. The full debt may be much more. Paying the amount demanded without first having full knowledge of the overall debt, and all of your options, is like having cancer surgery without first trying to find out how big the tumour is.
