Yesterday, the New Zealand Labour Party announced an "election bribe" for 461,000 New Zealanders by saying they would no longer pay interest on student loans from April next year. (See: http://www.nzherald.co.nz/index.cfm?c_id=1&ObjectID=10337799)
It does sound like a great idea, especially to encourage graduates to stay in New Zealand. I'm a university graduate who has stayed in NZ to work. However, since I left university about 6 years ago my student loan has not decreased at all - I am barely making enough to pay off the interest. Will they credit all that interest back to me? I doubt it!
Anyway, my $32,000 student loan will still take years and years to pay off, so it's not going to make me change me vote to Labour!
By the way, I bet National are kicking themselves that they didn't think off it first!
Subscribe to:
Post Comments (Atom)
No comments:
Post a Comment