The Voluntary Bonding Scheme is an incentive payment Scheme that has been introduced by the Government to reward medical, midwifery and nursing, graduates who agree to work in hard-to-staff areas.
It is a practical initiative designed to move graduates into the communities and specialties that need them most.
Graduates who are part of the Scheme are eligible for incentive payments intended to help repay their student loans for up to five years. Combined with compulsory student loan deductions from graduate’s income, this will give individuals a significant boost in repaying their student loans.
In order to receive payment, graduates must stay on the Scheme for three years and cannot stay on the Scheme for longer than five years.
Read more about the Voluntary Bonding Scheme on the Health Workforce New Zealand website.