New Zealand’s government is rolling out new student loan rules designed to keep graduates home—lowering repayments for those earning over $24,128 from 12 cents to 10 cents per dollar. But the plan backfires for Kiwis abroad: it hikes interest rates by 1 percent and tightens KiwiSaver access before loans are paid off. Critics call it unfair, arguing KiwiSaver is private money and these measures unfairly target overseas borrowers. While the government defends it as necessary—93% of student debt comes from overseas students who aren’t repaying—they’re ready to go legal to enforce it. For grads like a midwifery student in Australia, the higher wages and career perks overseas still win out, making returning to New Zealand financially unattractive despite the new rules.
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