repayment of student loans

Government seeks ways to claw back student loans

The government is looking at ways to encourage repayment of student loans, as it emerged that nearly two-thirds of students loans issued since the scheme started had not been fully repaid.

Loans had been issued to more than 900,000 people since 1992, according to a MoE report, which said only NZ$6.4 billion of the NZ$13.9 billion borrowed had been paid back.