If you are planning to take out a student loan for a course of study in the near future, take heed.
As part of this year's Money Week, the Commission for Financial Capability has asked current and former students what they wished they had known about student loans before they borrowed.
About 730,000 New Zealanders have a student loan and there is just over $15 billion in outstanding debt. The average loan is about $21,000.
David Boyle, group manager of investor education and retirement villages at the commission, said many people did not give a lot of thought to student loans because they were usually interest-free.
from
http://www.stuff.co.nz/business/95859148/Students-reveal-loan-mistakes-and-lessons
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