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The total amount of student loan debt in New Zealand has increased from 934 million [52] in 2002 to 16 billion [53] in 2021. In 2003, the average student loan debt was 12,280. [54] According to recent data that was published November 2022, the average student debt in New Zealand is now around $24,000. [53]
Subprime loans have a higher risk of default than loans to prime borrowers. [108] If a borrower is delinquent in making timely mortgage payments to the loan servicer (a bank or other financial firm), the lender may take possession of the property, in a process called foreclosure .
The planned major exhibition at the National Gallery in London of Artemisia Gentileschi, set to open on 4 April, was postponed for an indeterminate time due not only to the gallery's closure but also the inability of artworks on loan from Italy and America being unable to fly during the global shutdown in air traffic. [91]