11. DARREN HUGHES (Labour—Otaki) Link to this
to the Minister of Youth Affairs
What changes is the Government making to improve the lives of young New Zealanders?
Hon NANAIA MAHUTA (Minister of Youth Affairs) Link to this
From 1 April—this Saturday—interest-free student loans will be introduced as a core commitment by this Labour-led Government to improve the lives of many young New Zealanders. It is a good story to tell. For example, a graduate with a debt of $15,000 who earns $35,000 a year will save $6,935 and repay his or her loan in 7 years. Without the changes, the student would have taken 10 years to repay $21,935 in accumulated debt. There is a good story to tell to young New Zealanders.