New Zealand Labour Party Proposes 10% Student Loan Write-Off in Election Campaign

As part of its 2026 election campaign launch, New Zealand's Labour party has unveiled a policy to reduce student loan balances by 10% for eligible graduates who are tax-resident in New Zealand and still have outstanding loans, excluding those who benefited from the Fees Free scheme. The initiative aims to accelerate debt repayment for younger New Zealanders and encourage graduates to remain in the country.