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Tightening over tertiary loans.

13th Nov 2006, 14:32 GMT

There is to be a tightening up on the tertiary student loans scheme by the Government to catch tens of thousands of debtors. Currently loan holders residing in the country get the loans interest free, but those that go overseas have to pay interest. It has seen incentives raised for loan holders to leave the country without telling Inland Revenue and thereby avoid meeting their interest payments. The Government estimates there are around 40,000 such borrowers.© 2006 Newstalk ZB News

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