More than 100,000 New Zealanders have overpaid a total of $6.4 million on their student loans.And fresh from looking like wallys over the ProLife Auckland pamphlet, AUSA are at it again.
The system has been criticised by a students association, which says graduates are overpaying their loans because the system is too hard to understand.These people are university graduates. If they are finding the system too hard, it is too easy to graduate in this country.
The president of the Auckland University Students' Association, Arena Williams, said Inland Revenue's system needed to be changed. "Everyone with a student loan has been through hours of fighting with Studylink while they were at university. There's definitely a perception that Studylink deliberately makes it difficult to manage your student loan," Ms Williams said.They are lending student's thousands of dollars of others hard earned money, a few hours on the phone over a three year degree doesn't seem like that big a deal. All this fuss from AUSA over a median overpayment of $2.57 and 76% of overpayers having overpaid less than $20.