Wednesday, June 13, 2012

$20m recovered in student loans from overseas

URL: $20m recovered in student loans from overseas

Steven Joyce | Revenue

The Government’s programme to collect overdue student loan repayments from overseas-based borrowers has now brought in $20 million, with a further $2.9 million under payment arrangements, Tertiary Education, Skills and Employment Minister Steven Joyce and Revenue Minister Peter Dunne say. The scheme began in late October 2010 as a pilot targeting 1000 Australian-based borrowers and has recently been extended to 57,000 borrowers, largely in Australia and the United Kingdom, over the next two and a half years...