Tens of thousands of pensioners paying student loans off

[Lilith7]

I'd not realised there were so many of us.

"One Auckland financial mentor said people who had been on low incomes through their lives were sometimes shocked to discover their superannuation was being docked to repay a student loan.
ÔÇ£They wouldnÔÇÖt be repaying it on a benefit ... I donÔÇÖt think people realise when they go on to a pension they have to start repaying their student loan from a pension.
ÔÇ£When IÔÇÖve said, ÔÇÿlook, they just donÔÇÖt have any moneyÔÇÖ you get told, ÔÇÿthey have to pay it back sometimeÔÇÖ. I think lots of people who havenÔÇÖt earnt a lot of money after studying will be quite surprised about that.ÔÇØ
She said half to three-quarters of the pensioners she dealt with had a student loan.
Fincap senior policy adviser Jake Lilley said there should be a mechanism for people collecting debt to look at the wider picture of what was being achieved.
ÔÇ£To take a step back and say, ÔÇÿhang on a minute what are we trying to achieve here overall?ÔÇÖ We want this person to be able to live a comfortable life and not having flow-on problems from poverty that arises when you canÔÇÖt afford things and you end up with a bad outcome that has a cost attachment with that, [like] hospitalisation ... if Studylink debt leads to someone not turning on the heater if they need it.ÔÇØ
https://www.nzherald.co.nz/nz/tens-of-th...QGPCOYAJU/