Student loan repayment threshold to rise

The income threshold at which New Zealand-based borrowers must begin repaying their student loans will rise from $18,148 to $19,084 on 1 April next year. The change was approved by Order in Council yesterday. For more information see the government's media statement.

Hon Peter Dunne
MP for Ohariu
Minister of Revenue
Associate Minister of Health

MEDIA STATEMENT

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