Finding money for study

Wednesday 24 November 2004

How much student debt is inevitable? Rob Stock researches ways for parents to build a fund that will meet at least some of the costs of their children's tertiary education.

By The Landlord

The high cost of getting ahead is more daunting than ever for young people.

Eye-watering house prices and incessant pressure to consume are tough enough for those entering adulthood. But for most, the high costs of tertiary education have also been passed to them from the state and their parents.

Student loan debt is now around $7 billion - a big burden for New Zealand's young workers to carry while trying to make their way in the world.

And new parents, who dream of saving enough to help their children pay for their education, are also struggling.

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