Larry Williams Drive

Perspective with Heather du Plessis-Allan: Are IRD really the 'bad guys' when it comes to student debt?

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Sinopsis

Right, tell me what you think of this.  There seems to be a bit of an effort underway at the moment to portray IRD as bad guys because they're chasing Kiwis overseas who owe money on their student loans.  Now, tell me if you think that we should let either of these two off the hook on the money that they owe.  The first is a pilot who moved to Australia 10 years ago. He now owes IRD $170,000. That is his original loan, plus basically mostly interest.  He says he moved there for a pilot job in 2014, did it for six years, lost it during COVID, had to take a low-paying job in a storage warehouse.  He's a pilot again, but this loan is so big, he doesn't know if he's ever gonna be able to pay it back.  Should we let him off his debt?  Or do you, like me, look at what a regional commercial pilot in Australia can earn, which is over $100,000 and possibly even closer to $200,000 Australian dollars, and think, he can probably afford to start paying back that debt.  The second is