NZ Politics

888 readers

17 users here now

Kia ora and welcome to the NZ Politics community!

This is a place for respectful discussions about everything that's political and kiwi

This is an inclusive space where diverse opinions are valued, but please don't be a dick

Other LemmyNZ communities here

Banner image by Tom Ackroyd, CC-BY-SA

founded 3 years ago

MODERATORS

Dave@lemmy.nz

RaoulDuke@lemmy.nz

National vows to reduce student loan repayment rate if re-elected (www.rnz.co.nz)

submitted 8 hours ago by Dave@lemmy.nz to c/politics@lemmy.nz

1 comments fedilink hide all child comments

The National Party is promising to reduce the compulsory student loan repayment rate if re-elected, while cracking down on overseas-based borrowers.

It said it would reduce the repayment rate from 12 percent to 10 percent from April 2027.

The party's finance spokesperson Nicola Willis said compulsory student loan repayments were paid at 12 cents on every dollar earned above $24,128.

"It is often one of the biggest weekly expenses for a young graduate," she said.

''Reducing this to 10 cents means an accountant starting out in their career and earning $75,000 per year would keep an extra $39 a fortnight, or around $1000 a year.''

top 1 comments

sorted by: hot top controversial new old

[–] Dave@lemmy.nz 5 points 8 hours ago

"Vote for us, and we will undo an increase we put in place last time we were in government" is an odd promise to make. Do you have a plan or are you making it up as you go?