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payday loans online Overseas student loan holders flock back to NZ8 Sep, 2020 05:40 AM3 minutes to readInland Revenue can only arrest overdue student loan borrowers when they try to leave New Zealand.Inland Revenue data shows the total valueof all student loans on the government’s books is $16 billion and $3.5b or 20 per cent of all loans are held by people living overseas.Of the $1.5b worth of debt that IRD considers overdue, more than 90 per cent is owed by those living outside New Zealand mostly in Australia.Read MoreOpinion: Interest on overseas student loans will only create more ‘student loan exiles’ Student loan exile: ‘Mum is going to die soon and I’m not going to be there’ NZ HeraldThe elephant in the room student loan debt during Covid 19 coronavirus NZ HeraldFormer Kiwis students living overseas dodging IRD as total amount of loan debt spikesWrite off student loan debt, says Harre NZ HeraldIt has been working with the Australian Tax Office to try and track down Kiwis who owe money and since 2014 it has also had the ability to arrest overdue borrowers at the border when they try to leave New Zealand.In the year to June 30, six applications for arrest warrants were submitted, with four of those resulting in arrests. That was up from two arrests in the prior year.Very few New Zealanders are leaving the country at the moment but plenty are flocking back in and must stay two weeks in a managed isolation hotel facility.An IRD spokeswoman said it had not been approaching people who owed money while in managed isolation.”Applying for a warrant to arrest someone at the border is a measure of last resort when we have tried all other means to help people meet their loan obligations. The law only allows for us to apply for a warrant when we believe someone with debt is about to leave the country.”.payday loans online

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