New Zealand freezes student loan repayment threshold, affecting borrowers

nzherald.co.nz

The New Zealand Government will freeze the student loan repayment threshold, affecting about 370,000 borrowers. Starting in April, this change will increase repayments by an average of $62 per year. Currently, the repayment threshold is $24,128. Borrowers will pay 12 cents for every dollar earned above this amount. Revenue Minister Simon Watts noted the freeze could save the government $7.674 million over five years and increase the value of the student loan asset by $13.017 million in 2024/25.


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New Zealand freezes student loan repayment threshold, affecting borrowers | News Minimalist