11 December 2006

Student loan repayment threshold to rise

The income threshold at which new Zealand-based borrowers must begin repaying their student loans will rise from $17,160 to $17,784 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 3.49 percent.

The change was approved by Order in Council today.

ENDS