Two thirds of uni students are being haunted by the ghost of their student overdrafts, research shows
Interest-free overdrafts while you’re a student might be tempting, but new research we commissioned shows 66 per cent of tertiary students aren’t paying back their interest-free overdrafts before leaving university, and an alarming nine per cent took more than two years to pay their overdraft back now. Students are going into university knowing they will likely be faced with a large ‘interest-free’ IRD bill at the end of it. However, the research suggests this ‘interest-free’ appeal is making student finance…
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