Did you know ... Inland Revenue add a $40 administration fee each year to your student loan balance?
The fee is charged on the 1st of April if the outstanding balance is $20 or more on that date.
With 1 April 2018 not too far away, if you are close to paying off your student loan it may be beneficial to make a voluntary payment now to clear the balance, before the administration fee is due to be charged.
Have any questions regarding your student loan? Feel free to contact us - we will be happy to assist.