Daily BulletinDaily Bulletin

Daily Magazine

  • Written by Sequel PR

For many people, back-to-school expenses right after Christmas can be tricky but, with three children to outfit, 39‑year‑old Victorian mum Diana Subramaniam found it impossible.

 

“The cost of schoolbooks and uniforms alone is nearly $1500 but, once you add in a laptop for high school, it’s close to $2500,” Ms Subramaniam said.

 

“It’s difficult finding that kind of money at the best of times, let alone the start of the year.”

 

Now, thanks to No Interest Loans (NILS), Ms Subramaniam will be able to buy everything on her back-to-school list.

 

“I’ve had No Interest Loans for my older kids’ TAFE education costs, so I decided to apply for one to cover school expenses this year,” she said.

 

“It means my son has everything he needs for the best start to high school and I have peace of mind that the repayments are manageable and affordable.”

 

Good Shepherd CEO Stella Avramopoulos said thousands of Australian families struggled with the cost of school basics, on top of expensive laptops or tablets.

 

“On average, parents spend $500 per child just on books and uniforms. The expectation that students bring their own device to school can be unaffordable, especially if you’re one of three-million Australians living below the poverty line,” Ms Avramopoulos said.

 

“Over the past year, we’ve seen a 24 per cent increase in the number of No Interest Loans issued for computers and other devices and we expect to see a spike in loan applications over the coming weeks.”

 

No Interest Loans can be used for a range of back to school expenses including books, uniforms, tablets and laptops and even school excursions.

 

Ms Avramopoulos urged families on low incomes to apply for a No Interest Loan instead of turning to high interest credit cards, rent-to-buy agreements, buy-now pay-later schemes or payday lenders.

 

“A payday loan or delayed payment can seem like a good idea but you can soon find yourself in trouble if you miss a repayment,” said Ms Avramopoulos.

 

“Through NILS, you can borrow up to $1,500 and repay only what you borrow with absolutely no interest, no fees and no charges.”

 

Find your nearest NILS provider at nils.com.au 

High Court ruling on 'Palace letters' case paves way to learn more about The Dismissal - and our Constitution

arrow_forward

Really Australia, it's not that hard: 10 reasons why renewable energy is the future

arrow_forward

The Conversation
INTERWEBS DIGITAL AGENCY

Politics

$1.8 billion boost for local government

The Federal Liberal and Nationals Government will deliver a $1.8 billion boost for road and community projects through local governments across Australia.   The package of support will help lo...

Scott Morrison - avatar Scott Morrison

Scott Morrison press conference

PRIME MINISTER: This is a tough day for Australia, a very tough day. Almost 600,000 jobs have been lost, every one of them devastating for those Australians, for their families, for their commun...

Scott Morrison - avatar Scott Morrison

BOOST FOR BUSHFIRE RECOVERY

Local economic recovery plans will help towns and regions hit by bushfires get back on their feet as part of a new $650 million package of support from the Morrison Government.   As part of th...

Scott Morrison - avatar Scott Morrison

Business News

How to effortlessly promote your business

You've worked hard to build your business from the ground up, and as any successful entrepreneur will tell you brand promotion is everything. Not only do high-quality promotions build a sense of...

News Company - avatar News Company

Hotdesking might not be ‘dead’ after all

According to Christian Pistauer, Workplace Strategy director of Meta5 Group in Australia, COVID will dramatically change the commercial real estate sector in Australia for many years to come. ”...

Tess Sanders Lazarus - avatar Tess Sanders Lazarus

Office expert: Don't bring your staff back to work until you have done these things

With lockdown restrictions gradually being eased across the country, Australian workplaces are looking at the types of changes needed in order to meet new health and wellness requirements post-l...

Tess Sanders Lazarus - avatar Tess Sanders Lazarus



News Company Media Core

Content & Technology Connecting Global Audiences

More Information - Less Opinion