IRD referred nearly 74,000 student loans to overseas debt collectors over four years
The Inland Revenue Department made 73,732 referrals of student loans to overseas debt collectors under a relatively new scheme provision.
The Inland Revenue Department has referred 73,732 student loans to overseas debt collectors over a four-year period. This was done under section 145A of the Student Loan Scheme Act, a provision designed to address accumulated student loan debt owed by borrowers who have relocated abroad.
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IRD made 73,732 student-loan referrals to overseas debt collectors over 4 years
Dave Ananth reveals how new section 145A of the Student Loan Scheme Act works to resolve longstanding ballooned student loan debt owed by borrowers who are now overseas