International Student Loan News

24
Mar
New Zealand Government Sticks With Interest Free Student Loans

Student loan borrowers in New Zealand got a break earlier this month when the government decided it would not add interest to new student loans, something the Productivity Commission in the country had been calling for. According to a news story in Stuff, the Productivity Commission said in a final report on the future of higher […]

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13
Mar
Jamaica Reduces Student Loan Interest Rates, Still Higher Than United States Rates

Lowering interest rates on federal student loans is one of the many goals of student loan activists and lawmakers in the United States, but in Jamaica, it’s already becoming a reality. Last week, the Student Loan Bureau (SLB) in Jamaica signed off on plans to lower the interest rates on student loans. Finance Minister Audley Shaw announced in […]

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11
Mar
Netherlands has Something in Common With the United States: Skyrocketing Student Debt

Outstanding student loan debt in the Netherlands has reached a new record high of €17.6bn, 46 percent higher than the €12bn owed just five years ago, according to DutchNews.nl. Jan Sinnige, chairman of ISO, a student organization group in the Netherlands, said that rising student loan debt in the country is due to the new system […]

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02
Mar
African Startups are Using Alternative Data to Provide Student Loans

While fake news and facts can create a huge disservice for people around the globe, alternative data to determine creditworthiness is helping countless people get student loans. That’s particularly true of Africa where much of society uses cash, and little data has been collected on borrowers. In Kenya, banks aren’t in the student loan business, […]

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15
Feb
UK’s Plan to Sell £4 Billion in Student Loans Scrutinized After a Moody’s Downgrade

The United Kingdom’s plan to sell student loans worth about 4 billion pounds to private investors is getting new scrutiny after Moody’s rating agency last week downgraded a package of student loans that were sold almost 20 years ago. That first set of securitized student loans, sold around 20 years ago, is the main precedent […]

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12
Feb
UK Government Set to Sell £4 billion Student Loan Book

In an effort to raise money and cut the national debt, the UK government said on Monday that it plans to sell student loans worth about 4 billion pounds to private investors for less than face value. About 450,000 loans that entered repayment between 2002 and 2006 will be securitized, or packaged, and sold as bonds to investors, much […]

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10
Feb
Tanzania Increases the Percentage of Income it Garnishes to Pay Back Student Loans

The government of Tanzania has a way to get college students to pay back their student loans, but the strategy doesn’t go over well in the U.S. The idea is garnishing a percentage of a student borrower’s wages. According to a report in allAfrica, the Higher Education Students’ Loan Board in Tanzania will begin deducting 15% of […]

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03
Feb
Canada Doesn’t Have Trump but it Does Have a lot of Student Debt

Canada may sound appealing to countless U.S. citizens already fed up with the policies of President Donald Trump, but Canada does share one problem with the United States: student loan debt. As of 2012, Canada collectively owed $28.3 billion in student loan debt, which pales in comparison to the U.S., where the nation collectively owes more than […]

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02
Feb
U.S. Consumers Aren’t the Only Ones with Loads of Debt

Citizens in the United States aren’t the only ones sitting on loads of unsecured debt. Their counterparts across the pond in the United Kingdom also have rising total household debt and student loans are partly to blame. According to a recent BBC report that cited data from TUC, the Trades Union Congress, the average household in the U.K. […]

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Tags: debt, United Kingdom,
01
Feb
Deputy From Town in Ireland Says Income-Contingent Student Loans Lead to More Defaults

Income-contingent student loans, which is the amount a student earns determines how much they pay back may be popular in the U.S. and the U.K., but for residents of Donegal, a town in the Republic of Ireland, it may not become a reality if Donegal Deputy Thomas Pringle has his way. According to the Donegal Democrat newspaper, Pringle […]

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