Tuesday, April 11, 2006

Student loans

Statistics from the Integrated Dataset on Student Loan Borrowers show that borrowers under 25 years, and those aged 60 years and over, had the highest median amount transferred for 2004 from StudyLink to Inland Revenue, Statistics New Zealand said today.

I have a question (when don't I have a question?) As a student loan only has to be repaid when a certain earning level is reached, $17,000, which is more than a single person's Super, do people over 60 expect to repay their loans?
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1 comment:

Anonymous said...

Doesn't one only have to repay their loan if one goes to work afterwards? I thought of doing this, but couldn't really justify the expense of driving the distance to uni. every day! Are you sure single superannuitants receive $17,000 p.a. - if so - roll on 2007!

9:22 AM

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