A student-based loan helps you to pay money for your program charges (the compulsory fees charged by the training provider),

A student-based loan helps you to pay money for your program charges (the compulsory fees charged by the training provider),

Research materials (eg, books, computer, travel) and costs that are living but you will need certainly to spend it straight right back.

Important info

When you can get fees-free study you might not require an educatonal loan for program charges.

You’ll nevertheless want to submit an application for a education loan if you like course-related expenses or residing costs.

Whom can obtain it

To obtain a education loan, you have to be either:

  • A brand new Zealand resident or
  • Ordinarily resident in New Zealand and either:
    • Happen surviving in brand brand brand New Zealand for at the least 36 months, and
    • is check n go loans a payday loan

    • Have actually held a residence course visa for 36 months, or
    • Be considered a refugee or person that is protected or
    • Be sponsored into New Zealand by someone in your family who, at the right time you had been sponsored, had been a refugee or protected individual.

You should be learning an authorized course run by an authorized training provider (however you might be based offshore).

If you are under 18, one of the moms and dads additionally needs to offer their authorization to get that loan.

Coming back pupils

If you should be a student that is returning have to meet with the passing needs

There is a limitation to just exactly how numerous student education loans you will get in your daily life.

Whom can not have it

You can’t obtain a education loan if you’re:

  • At additional school
  • Bankrupt
  • Behind on the education loan repayments by $500 or even more and overdue on repaying any one of this quantity with a 12 months or even more
  • Learning at under 32 days as well as your program has not as much as 0.25 EFTS.

If you should be under 18, you cannot get a education loan if you should be either:

  • On a Youth Guarantee programme
  • Learning a fees-free degree 1 or 2 certification.

Everything you can get

Based on your position, you may get a learning student loan for:

You will also be charged an one-off establishment charge of $60. This is included with your education loan balance when any re re payments are formulated.

You may get a education loan for up to 2 EFTS of research a(this is around 240 points or credits) year.

We will not buy:

  • Your lump sum hostel or hall of residence expenses
  • Unique costs, eg, penalty charges for late enrolment
  • Management costs for spending by instalments
  • Optional service costs, eg, pupil relationship costs.

Learning full-time

If you should be learning full-time, you will get a education loan for:

  • Compulsory program charges
  • Course-related expenses
  • Residing costs.

In jail or on an advantage

You are able to just get yourself a education loan for:

  • Compulsory program charges
  • Course-related expenses.

Learning part-time or 55 and over

You are able to only get yourself a education loan for compulsory course charges.

Youth Guarantee programme or level that is fees-free and 2 certification

If you are over 18 and studying a Youth Guarantee programme or fees-free Level 1 or 2 certification, it is possible to only get an educatonal loan for course-related expenses and residing costs.

When you should apply


Apply as soon as you’ll to greatly help get the payments that are correct time.

It is possible to use even although you have not finalised where or that which you’re learning.

In the event that you use after your program begins

You can put on up until the date your course finishes but we are able to pay only you from once you distribute the job.

We should get all of the papers we are in need of before your program finishes.

Simple tips to use

You apply online. If you are learning for over 12 months, you’ll want to re-apply for a student-based loan every year which you learn.

You can apply for when you apply, depending on your circumstances:

  • Compulsory program charges
  • Course-related expenses
  • Residing costs.

To obtain your costs that are course-related have to claim them in MyStudyLink once we’ve gotten your education loan agreement.

If you’re applying for the time that is first there are certain actions you have to just just take.

If you’ve had a education loan significantly more than 12 months ago, you will have to have a various procedure.

You can apply in your MyStudyLink account if you’ve had a Student Loan in the last 12 months.

What goes on next

You will get A education Loan agreement that you can want to come back to us with any documents we require.

Even as we’ve got every thing we truly need away from you, we are going to verify your enrolment details together with your training provider closer to the beginning of your program. You have to be completely enrolled before we are able to try this.

Handle the application

You can easily handle your details online, in MyStudyLink.

Re Re Re Payments

Whenever you have your repayments is based on:

  • Once you use
  • Whenever your program starts
  • Whenever you claim your costs that are course-related request your living expenses.