posted on 2023-11-10, 02:53authored byElizabeth Eppel
<p dir="ltr">An income contingent universal student loans scheme was introduced in 1992 as part of comprehensive policy changes in tertiary education. Three government agencies were involved in this policy.</p><p dir="ltr">The Ministry of Education (MoE) was responsible for policy design and monitoring of the policy with the costs of the Loan Scheme coming from Vote Education. A student allies for a loan during study and this is repaid after study ceases at an income related minimum rate of payments.</p>