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| Thread ID: 87011 | 2008-02-04 20:44:00 | Student Loan interest rate? | Mercury (1316) | PC World Chat |
| Post ID | Timestamp | Content | User | ||
| 637456 | 2008-02-04 20:44:00 | If someone is ineligible for an interest write off through living overseas does anyone know, off the top of their heads, what the interest rate is? | Mercury (1316) | ||
| 637457 | 2008-02-04 22:12:00 | Update. Can find everything BUT on the IRD site. I've emailed them. But if anyone does know (off the top of their heads) the answer may be faster. | Mercury (1316) | ||
| 637458 | 2008-02-04 22:51:00 | My statements: Late 2007 - 6.80%. Mid 2007 - 6.80% Late 2006 - 6.90%. Interesting, I thought that, interest rate would increase since RBNZ has increased the OCR. Its cheaper than a mortgage - I remember when I took the loan out the student loan was higher than the mortgage from the bank, and people were thinking (incl lecturers) that the rate is higher to offset the high risk to students who are not working or fully and there is no obligation to not pay more than the min amount - I mean IRD cannot bankrupt you cos you just paid the min amount or sell your house or take your car or stuff .... |
Nomad (952) | ||
| 637459 | 2008-02-05 00:31:00 | Right now it is 6.8% per annum (on my student loan statement) | beeswax34 (63) | ||
| 637460 | 2008-02-05 04:56:00 | Cool, thanks for that. Now I just have to figure out how much she owes and do the maths. And Press F1 was faster to answer than the IRD (haven't heard back from them) And for anyone interested, exchanging to a university in the northern hemisphere is a minefield with Study Link and the IRD. They are set up for our semesters not overseas ones (Britain has 3 terms not 4). A couple of times I've rung Study Link and been given completely incorrect answers in an authoritive tone of voice. The sooner she gets back and deals with it herself the happier I will be. |
Mercury (1316) | ||
| 637461 | 2008-02-05 05:23:00 | Cool, thanks for that. Now I just have to figure out how much she owes and do the maths. And Press F1 was faster to answer than the IRD (haven't heard back from them) And for anyone interested, exchanging to a university in the northern hemisphere is a minefield with Study Link and the IRD. They are set up for our semesters not overseas ones (Britain has 3 terms not 4). A couple of times I've rung Study Link and been given completely incorrect answers in an authoritive tone of voice. The sooner she gets back and deals with it herself the happier I will be. So will we all. |
Cicero (40) | ||
| 637462 | 2008-02-05 06:37:00 | So will we all. Thanks....Mate! :D |
Mercury (1316) | ||
| 637463 | 2008-02-05 09:28:00 | I thought the loans were interest-free? Didn't Labour say something about it being made interest-free at the last election?? | caffy (2665) | ||
| 637464 | 2008-02-05 09:39:00 | They are interest free so long as you stay in the country. If you leave the country for more than 183 days at a stretch you pay interest. Once you come back you can apply for the interest to cease again. But if you take off again, even for a short break in Oz during the next 6 months you're paying it again. If you are studying overseas you can apply for an exemption - but it costs $175. Thus the maths to see if applying for an exemption is worth the cost and headache on the paper work. My head hurts already. |
Mercury (1316) | ||
| 637465 | 2008-02-05 09:48:00 | Claim sickness benefits, stress leave and emergency veterinary maternity leave. (The last because the thought of the paperwork is giving you kittens.) Insanity is hereditary; you get it from your kids. |
R2x1 (4628) | ||
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