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

76. Part-time work. Full-time life.

The Happy Saver Podcast - Personal Finance in New Zealand

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Student Loans - A Great Way to Pay for Your Education

NIO was fortunate that the government provided student allowance that you don't have to pay back which fully covered her living costs. Given her frugal upbringing she made it stretch a long way and she found it easy to live on that but she loaned the money to pay her fees and course costs. At the end of their study NIO had a student loan balance of about $50,000 and bins was $65,000 so a total debt of $115,000 for this fresh-faced young couple both now educated and ready to hit the job market. For NIO no one talked to her about how to pay cash for her study there were no conversations about advantages and disadvantages of

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