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Mortgages

Dread at weight of loan repayments

Megan Hall thought that by the time she had reached her late 20s she would be financially comfortable and have begun buying a home.

Monday, May 31st 2004

Instead, the 27-year-old business analyst lives from pay-cheque to pay-cheque and finds she has to deprive herself of luxuries as she battles to settle her debt.

After five years of study, Ms Hall left the University of Auckland with a BA (Hons) and bachelor of commerce degrees - and a $55,000 student loan debt. Another five years later and she still owes $55,000.

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