National exposes 'loophole' in interest-free student loans

In Parliament, National's leader Don Brash highlighted a case in which a man used a clause in the 1992 student loan legislation which allows people to reclaim any voluntary payments within six months of making them.

Dr Brash says the man has withdrawn $15,000 of voluntary payments and placed it in the bank to earn interest.

Student loans are set to become interest-free ne...