Australian mother and father are treating their children’ schooling prices like a mortgage — one thing to be paid off over time.
I suppose there are worse issues to enter debt for?
Aussie households are actually going into hock to pay their non-public faculty charges, and one huge financial institution is betting on that turning into a fair larger pattern.
NAB’s annual report was launched at this time and tucked away inside it was the revelation that its “enterprise arm” had invested but extra into school-fee lender Edstart, which places households into debt to cowl non-public faculty prices.
Learn extra about how mother and father are paying for personal education…
Turn out to be a subscriber to get full entry to the web site, in addition to our premium newsletters.
Already a subscriber? Log in to maintain studying.