New Zealand news on Stuff.co.nz: Charity workers get interest free loans: "Charity workers get interest free loans
28 March 2006
Kiwi graduates at 48 charitable organisations will be exempt from student loan interest as part of a law that comes into effect on Saturday, Tertiary Education Minister Michael Cullen announced yesterday.
Under the Government's student loan policy borrowers in New Zealand do not have to pay interest but those who live overseas for more than six months must.
However Inland Revenue had the discretion to grant an exemption for certain borrowers who are overseas, including post-graduate students, government employees and people who work for free or for a token payment for a charitable organisation operating overseas."
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