Pay your debts and stop carping

The Media party is going all out in support of student loan bludgers who have absconded without repaying their student loans.

Apparently they are beside themselves.

A Kiwi living in Australia who took out a $6500 loan 21 years ago which has more than quadrupled is terrified to come back to New Zealand.

She is one of several worried Kiwis living overseas who fear being arrested as soon as they step foot in their homeland after another border arrest because of student loan debt this week.

The woman in Australia said she was 18 when she took out a $6500 loan for a social sciences course at a polytechnic.

She did not complete the course after getting pregnant, and after five years as a solo mother left for Australia to try and make a better life.

“I never blinked an eye or even thought about my loan,” she said. That changed when she read about recent crack-downs on defaulters, and phoned the IRD.

She said she was told her loan after 21 years was now about $30,000.  

“I went into complete shock, I was petrified and shocked that over the period of 21 years
my loan had increased 4 times the amount borrowed.”

The IRD staffer told her a large repayment close to $20,000 would bring her up-to-date with her payments, she said, at which point she hung up.

“What is the point of me paying off 30-something thousand dollars when I’m never going to pay it off, I’m never going to smash out the interest, I’m never going to be rid of it.

“To tell my family I can’t come home for a tangi is shameful. Will I be arrested at the airport?…how will I pay my mortgage if I’m detained in New Zealand, what will happen to my children in Australia if I’m detained?

The entitlement is astonishing. She has failed to make a single payment and is now “shocked”. Well, I’m shocked by her stupidity.

“If I was given the opportunity to pay the $6,500 off I would in a heartbeat.”

She did have an opportunity, back when it was $6500 and due. If she had made payments back then she wouldn’t be in this predicament. Apparently absconding to Australia to make a better life didn’t involve settling debts.

Loser. No sympathy.

They should publish all the defaulters details including their names, current location and how much they owe on a public name and shame site. That should sort out the problem quick smart.

 

– NZ Herald

 


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As much at home writing editorials as being the subject of them, Cam has won awards, including the Canon Media Award for his work on the Len Brown/Bevan Chuang story. When he’s not creating the news, he tends to be in it, with protagonists using the courts, media and social media to deliver financial as well as death threats.

They say that news is something that someone, somewhere, wants kept quiet. Cam Slater doesn’t do quiet and, as a result, he is a polarising, controversial but highly effective journalist who takes no prisoners.

He is fearless in his pursuit of a story.

Love him or loathe him, you can’t ignore him.

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