Threshold for student loan repayments to rise
The income threshold at which New Zealand-based borrowers must begin making repayments on their student loans will rise from $18,148 to $19,084 from 1 April next year, Revenue Minister Peter Dunne announced today.
The threshold is reviewed annually and reflects movement in the September Consumer Price Index of 5.07 percent.
The change was approved by Order in Council today.
Contact:Ainslie Fenwick, 04 471 9728