Announcements
PUBLISHED 11 December 2006

Student loan repayment threshold rises

The income threshold at which New Zealand-based borrowers must begin repaying their student loans will rise from $17,160 to $17,784 on 1 April next year. The change was approved by Order in Council today. For more information see the government's media statement.


Hon Peter Dunne
Minister of Revenue

MEDIA STATEMENT

Student loan repayment threshold to rise

The income threshold at which new Zealand-based borrowers must begin repaying their student loans will rise from $17,160 to $17,784 on 1 April next year, Revenue Minister Peter Dunne announced today.

The new threshold is based on the annual movement in the September Consumer Price Index of 3.49 percent.

The change was approved by Order in Council today.

Contact: Ainslie Fenwick, Revenue advisor, 04 471 9728