Student loan repayment threshold rises

The income threshold at which New Zealand-based borrowers must begin to repay their student loans will rise from $17,784 to $18,148 on 1 April 2008, the government announced today. For more information see the media statement.

Minister of Revenue
MP for Ohariu Belmont
Associate Minister of Health

MEDIA STATEMENT

Student loan repayment threshold to rise

The income threshold at which New Zealand-based borrowers must begin to repay their student loans will rise from $17,784 to $18,148 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 1.79 percent.

The change was approved by Order in Council yesterday.

Contact: Ted Sheehan, Press secretary, 04 470 6985