The Government has announced proposals to introduce:
These are intended to come into effect from 1 January 2018.
Inland Revenue, the Ministry of Education, the Ministry of Social Development (StudyLink), the Tertiary Education Commission (TEC) and other agencies are working together on these proposals.
Final decisions around details are currently being considered. Legislation is expected to be introduced in the near future. Any changes that might be put in place as a result of the new legislation will not affect how borrowers currently pay off their student loan.
More information will be made available as soon as possible: