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Sounds like what happens in New Zealand in regards to student loans. Basically, 8% of my pay goes to paying off my student loan (but only on earnings above ~$20
by toomanybeersies 9y ago
Sounds like what happens in New Zealand in regards to student loans. Basically, 8% of my pay goes to paying off my student loan (but only on earnings above ~$20,000). I can't pay less than this, it's taken from my payroll like tax.
Not really scummy at all in my opinion.
- learc83 9y agoThe US has basically this exact same program. For a single person, it's currently 10% of your income over $18k.