Student loan defaulters break $1b markFAIRFAX NZ Over 100,000 student loans are in default, with around 80% of their borrowers living offshore. Phil Walter The amount of student loan debt in default has broken the $1 billion mark. Chris Skelton Student loan defaulter, Ngatokotoru Puna, was the first person to be arrested for failing to make repayments on his student loan. Murray Wilson/ FAIRFAX NZ New Zealand Union of Student Associations' president, Linsey Higgins, says some defaulters see their student loan debt as an "insurmountable beast". Repayment amounts are based on a borrower's student loan balance, not their income.

Source: Stuff September 26, 2016 06:33 UTC