It’s our Generation Debt – 1.3 million New Zealanders who took out student loans between 1992, when the loan scheme started, and 2017.

Between them, they borrowed $26.6 billion, on average $20,500 each.

Their loans helped shape their lives – the subjects they studied, the careers they chose, where they lived, how soon they had children and whether they could ever afford to buy houses.

Their lives were unlike those who came before them, who received essentially free education. University fees averaged only $288 a year in 1988 and $516 in 1989 before Labour’s Education Minister Phil Goff hiked them

Children ‘will have to wait’

Repayment: ‘It’s such a burden’

Going overseas, or trapped at home

Student loans ‘a generational wedge’

Generation Debt



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