Repayment rate (% of income) 4–8% 12% (over threshold) 9% (over threshold) 0–20% (over threshold) 10% (over threshold) Repayment rate increase with income? Yes No No Yes No Prepayment discount? 5% No No No No Loan forgiveness? No No After 30 years After 15 years After 20 years...
But repayments fall due once they earn just NZ$22,828 a year – about 40 per cent of the repayment threshold in Australia – meaning that many Kiwis find themselves paying off student loans before they complete their courses. ADVERTISEMENT john.ross@timeshighereducation.com Read more about ...
Debt is indexed to CPI, which implies a 0% real interest rate, and any outstanding loan is written off upon death. In New Zealand on the other hand, the repayment threshold is very low at NZ$19,448 (£10,000 at the time of writing), and students are required to repay 12% of ...