Totally off topic
Far out at the repayment threshold!! Here in NZ we have to start paying back student loan debt as soon as we are earning over $19k per year. It is 10c on every dollar over.
2013 BellyBelly RAK Recipient.
Totally off topic
Far out at the repayment threshold!! Here in NZ we have to start paying back student loan debt as soon as we are earning over $19k per year. It is 10c on every dollar over.
Registered User
So from what I understand, if you earn over$49000ish, you pay back 4% of your debt. So that's only perhaps $1500 a year? That's going to take a long time to pay back!
Is the debt there indefinitely - say I finished the degree, had children and didn't return to work for 10 years - does it just sit there waiting till I start earning again?
Registered User
Yes it just sits there waiting for you to earn and pay back.
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