WARWICK SMITH/FAIRFAX NZ
NZ Union of Students’ Associations president Linsey Higgins, left, says graduates abroad are struggling with interest-laden loans to the point of declaring bankruptcy.
Overseas graduates declaring themselves penniless are among the 483 debtors whose $18 million in students loans have been wiped by bankruptcies.
Inland Revenue has revealed the latest figures as the amount owed by student loan defaulters tips over the $1 billion mark. The 10 biggest overseas debtors owe more than $300,000 each.
Some are dying in debt. Ministry of …
Read the full article at: http://www.stuff.co.nz/national/education/84827783/student-loan-borrowers-seeking-bankruptcy-as-millions-in-debts-wiped-due-to-insolvency
