Education Policy | Post Primary | Preschool | Primary | Tertiary | Search

 


Overseas-Based Graduates: Student Loan Deadline Looms

MEDIA RELEASE

Calling Overseas-Based Graduates: Student Loan Deadline Looms

17 March 2014

Press Release: New Zealand Union of Students’ Associations

The New Zealand Union of Students’ Associations (NZUSA) is reminding overseas-based borrowers (OBBs) that they have just two weeks to make student loan payments. After that, they will become criminals and may lose their right to travel.

From April 1, Inland Revenue will be able to seek an arrest warrant for former students who are not meeting their obligations. The next payment date for OBBs is 31 March.

“Although it has been extremely difficult to make repayments in the past, and the transaction costs have been significant, there are now ways to make fee-free student loan repayments, direct to Inland Revenue, including through NZUSA’s partner NZForex (www.students.org.nz/nzforex)”, says NZUSA President Daniel Haines.

“NZForex is fee-free, there is no minimum repayment – encouraging regular payments aligned with pay-days, and they pay NZUSA a small commission helping to facilitate our work to make the system fairer for former graduates struggling with their debt burden”, says Haines.

“The 1 April changes are overly aggressive, and Treasury advice is that the changes will be an inhibitor for overseas New Zealanders returning home. Further, they will place a large demand on the resources of the New Zealand Police. To avoid these implications we are suggesting people become compliant and enter into negotiations with Inland Revenue if they face hardship doing so. There are companies who can help with this, such as Anderson Accountants contactable via www.studentloan.org.nz.

NZUSA continues to demand that overseas-based borrowers should pay based on their income, not be subject to extravagant and unfair charges and be charged no more than a reasonable interest rate. Until there is sensible policy in this area, graduates can still best avoid penalties by getting in touch with Inland Revenue.

“Calling all our graduates overseas: be proactive, save Police time, and your money”, concludes Haines.

ENDS

© Scoop Media

 
 
 
 
 
Culture Headlines | Health Headlines | Education Headlines

 

Eddie Izzard: UK Comedy Legend Returns

Hailed as one of the foremost stand up comedians of his generation. Star of stage and screen. Tireless supporter of charity. Runner. Political campaigner. Fashion Icon... February 2015, Eddie Izzard will bring his massive FORCE MAJEURE world tour to New Zealand with tickets going on sale at 10am on Tuesday 28th October. More>>

Festival Starts 28 Oct: Improv Fest Makes Up New Show

For any other festival, finding out less than two weeks from showtime that half the cast of a programmed show can’t make it to New Zealand would be a nightmare. Instead, the New Zealand Improv Festival Director Jennifer O’Sullivan saw an opportunity ... More>>

NZ Music Awards Finalists: Lorde, Sol3 Mio Top 2014 Tuis Charge

Lorde has taken the music world by storm during the past year and she co-leads the 2014 Tui charge with five finalist spots. Joining her is newcomer family opera trio, Sol3 Mio. They are followed closely by Ladi6 and David Dallas, both up for four awards each. More>>

From 'Luther' Creator: Major New Zealand Crime Series For BBC

Libertine Pictures and writer Neil Cross have teamed up with leading international TV producer Carnival Films to develop a major new crime series set in Rotorua. Libertine will develop the contemporary drama series with Carnival, producer of internationally-acclaimed British period drama Downton Abbey, for the BBC. More>>

ALSO:

Family Statement: Death Of Ewen Gilmour

“Ewen was a much loved and cherished member of our family, he was a larger than life character and by his very nature was kind, generous and always giving of his time to those who asked for his help." More>>

ALSO:

Auckland: St. Jerome's Laneway Festival - Line-Up Announced

Traversing seven cities and three countries, the festival has well and truly settled into its home in each state. From the grassy knolls and towering silos at home in Auckland, to the sparkling backdrop of the Maribyrnong... More>>

Scoop Review Of Books: No Longer An Island

Simon Nathan reviews 'Zealandia: Our Continent Revealed': The idea that New Zealand is part of a large submerged continent is not new... There was renewed interest in the extent of offshore New Zealand from the 1970s onwards with the start of offshore drilling for oil and gas, and this was given impetus by a UN agreement which allowed countries to claim an Extended Continental Shelf (ECS). More>>

Art: Simon Denny Recreates Kim Dotcom’s Personal Effects

Who owns what? How has the internet changed our relation to the world? These are two of the many questions Simon Denny raises in the latest exhibition at the Adam Art Gallery, opening on Saturday 4 October. More>>

ALSO:

Get More From Scoop

 
 

LATEST HEADLINES

 
 
 
 
Education
Search Scoop  
 
 
Powered by Vodafone
NZ independent news