Don't pay your student loan back – Retirement Commissioner

Bill English has discovered that sorted.org.nz is encouraging students to NOT pay their loans back early.
 
[quote]Mr English quoted the commissioner's sorted.org.nz website: "Usually we suggest that people pay off debt as fast as they can, given that the longer they hold the loan, and the bigger it is, the more interest they pay. Student loads will be different (as of April 1 2006) because if you're living in NZ you won't be paying interest." [/quote]
 
Watch the student loan debt balloon with this policy, contrary to Clarks and Cullen assurances during the election. Treasury is already "burping" that uptake is increasing.
 


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