Student Loan Bonuses Offered

March 23, 2009 New Zealand Finance  No comments

Voluntary payment bonuses on student loans are now applicable to overseas based persons.

Anne Tolley Tertiary Education Minister has announced that the National-led Government is expanding on its pre-election promise to award a bonus to large enough voluntary payments to people’s student loan balances.

Starting on the 1st of April, any student loan payments of the $500 threshold by either New Zealand or overseas individuals will be awarded with a 10% bonus. Previously the promise was only for New Zealand based peoples.