Labour proposes a 10% reduction for eligible New Zealand-based borrowers who meet loan obligations and did not receive Fees Free. Existing graduates would qualify in April 2027; current and future students after three years in New Zealand following study, with balances of $2,000 or less cleared under that track.
Student loan balance reductions
Original factual summary of a published party position. A proposal does not establish delivery, impact or an individual MP’s personal position.