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Beset by financial obligation: what are the results when you’ve got education loan and then leave NZ

Beset by financial obligation: what are the results when you’ve got education loan and then leave NZ

Moving overseas post graduation? Be equipped for your friendly student that is interest-free in order to become an out-of-control financial obligation monster, writes Chelle Fitzgerald.

Away from sight, away from brain.

That’s exactly exactly exactly how i discovered myself yet another $12K within the gap to IRD. It’s a tale as old as time (the ’90s), and several an old pupil will spin you a yarn that is similar. A yarn of exactly how we all fucked down to Australia whenever nationwide had been elected searching for a far better life. And a much better life we discovered. Going from $10.50 a full hour to $25 an hour or so ended up being like winning the lottery. I’ll spend my student loan off along with this extra money, we might excitedly inform ourselves. But we didn’t. We spent that extra money on international travel, mediocre strippers, fine fabric products, and mimosas. It’s hard to pay straight right back one’s education loan whenever a perthereforen can be so busy dealing with yourself.

The issue with education loan financial obligation is the fact that no one has a tendency to think about it as “real debt”. Lanjutkan membaca Beset by financial obligation: what are the results when you’ve got education loan and then leave NZ