Recommended.co.nz | Guide2.co.nz | Voxy.co.nz | Gimme.co.nz
Homepage | login or create an account

National Party: Student Loan Policy

Read More:
Contributor:
guide2.co.nz
guide2.co.nz

1. Keep Interest-Free Student Loans

National will keep interest-free student loans for tertiary students.

2. Establish an Early Repayment Bonus

National will introduce a 10% repayment bonus on a loan balance for voluntary lump-sum payments of $500 or more. This incentive would apply in the 10 years following the start of repayments by the borrower.

If, for example, a borrower pays $800 off their student loan in a lump sum above and beyond the compulsory requirement, the Government would take $880 off their loan balance.

About Guide2.co.nz : Politics

Find the latest politics and election news, 'how to' guides and party policies on Guide2Politics.

 

Your Questions. Independent Answers.