The Happy Saver Podcast - Personal Finance in New Zealand cover image

79. I'll drink to that!

The Happy Saver Podcast - Personal Finance in New Zealand

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The Importance of Parental Intervention in Student Loans

Tui was earning about $16.50 an hour which must have been at or just marginally above minimum wage when she decided to get after her loan as well as 12% automatically being skimmed out of each paycheck. Now it took her 18 months to pay off and she was 28 when she made the last payment. She wishes that people would take student loans more seriously because their impact on your life is bigger than you think. They do affect your ability to travel for long periods overseas. If you want to buy a house they definitely impact your ability to borrow.

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