Pompano Beach Carpet Cleaning
Living on the beautiful shores of Pompano Beach, Florida provides endless opportunities for escape, from touring the gorgeous city to kicking up the sand on the sparkling shoreline. In fact, Continue Reading →
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Student loan debt ‘balloons’ by 37 per cent, with average student owing $21,000
The average student has nearly $21,000 of debt, with the nominal value of student loan balances sitting at $15.3 billion. Photo / File
Interest-free student loans – a mistake?
“Participation in tertiary education peaked in and has been steadily declining ever since as the effects of a National Government bed in,” he said.
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“Meanwhile the accumulated debt of those who do complete tertiary study has been climbing steadily, increasing a whopping 37 per cent under National compared to just 9 per cent under the previous Labour Government.”
The average loan balance at June 30 was close to $21,000, the report said, while the average time it takes a graduate to repay their loan is now 8.4 years.
Record amounts of student debt are being written off for bankruptcy, with $17.6m wiped from the books in the 2015-16 year. Continue Reading →