40,000+ NZ pensioners still paying off student loans, with some facing lifelong debt.

40,000+ pensioners in NZ are still paying off student loans, with some facing lifelong debt. Many are demoralized by the situation, as student loan debt can persist for a long time, especially for those on low incomes. One Christchurch woman has been paying off a loan for much of her adult life, initially graduating with $40,000 in debt.