Interest Free Student Loans Extended

February 25, 2009 New Zealand FinanceNew Zealand Taxation  No comments

The list of situations under which an individual qualifies for interest write-offs on their student loans has been expanded by Order of the Council, according to statements made by Revenue Minister Peter Dunne on the 23rd of February.

Four New Zealand charitable associations who have volunteers overseas have been added to the list of groups who are eligible for student loan interest write-offs for the participants. The change will come into effect of the 1st of April with Australian Volunteers International, Pioneers (New Zealand), Presbyterian Church of Aotearoa New Zealand and Students Partnership Worldwide (Australia) being the groups. There are currently 54 organizations already on the list approved.