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Graduates Stay or Pay More | Auckland News

Graduates Stay or Pay More | Auckland News

Published 20 hours ago
Description

Prime Minister Luxon’s new student loan plan aims to lure graduates by slashing the repayment rate to 10 cents for those staying in NZ, while boosting penalties for overseas borrowers — including a 1% interest hike and tougher enforcement. Labour pushes back, noting the current government raised rates in 2012 and unveils its own faster retirement village debt repayment policy — cutting turnaround from 12 to 3 months — as National hints at tackling punitive living conditions in aged care.

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