Media release: Changes must be made to address soaring student debt
Wellington (28 September 2016): The way we financially support students through tertiary education must be changed, says public policy think tank The New Zealand Initiative, following the announcement that the amount owed in default payments by overseas borrowers now exceeds the $1 billion mark. Having zero interest on domestic-based loans was a way of discouraging borrowers from moving abroad, but as we surpass this milestone it can hardly be called a success. Read more