An educatonal loan helps you to buy your program costs (the compulsory fees charged by the training provider),

An educatonal loan helps you to buy your program costs (the compulsory fees charged by the training provider),

Research materials (eg, publications, computer, travel) and costs that are living however you will need to pay it right straight back.

Important info

You may not need a Student Loan for course fees if you can get fees-free study.

Nevertheless you’ll nevertheless have to make an application for a student-based loan if you would like course-related costs or costs that are living.

Who can obtain it

To have a learning student loan, you have to be either:

  • A brand new Zealand resident or
  • Ordinarily resident in New Zealand and either:
    • Are located in brand brand New Zealand for at the least 36 months, and
    • Have actually held a residence class visa for three years, or
    • Be a refugee or protected person, or
    • Be sponsored into brand new Zealand by some body in your loved ones whom, during the time you had been sponsored, had been a refugee or safeguarded individual.

You need to be learning an authorized program run by an approved training provider (however you could possibly be based offshore).

If you should be under 18, one of the parents must also provide their authorization to get that loan.

Going back pupils

If you should be a student that is returning need certainly to meet up with the moving demands

There is a restriction to exactly just how student that is many you could get in your daily life.

Whom can not have it

You can’t get yourself a student loan if you’re:

  • At additional college
  • Bankrupt
  • Behind in your education loan repayments by $500 or even more and overdue on repaying some of this quantity with a 12 months or even more
  • Learning at under 32 days as well as your course has significantly less than 0.25 EFTS.

If you are under 18, you cannot get yourself a education loan if you are either:

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

What you could get

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

You will be charged an one-off establishment charge of $60. This is put into your education loan balance as soon as any re payments are manufactured.

You will get an educatonal loan for approximately 2 EFTS of research per year (this really is around 240 points or credits).

We will not buy:

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

Learning full-time

If you should be learning full-time, you may get a learning student loan for:

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

In jail or on good results

It is possible to just obtain a learning student loan for:

  • Compulsory course charges
  • Course-related expenses.

Learning part-time or 55 and over

You are able to just get yourself a student loan for compulsory program charges.

Youth Guarantee programme or fees-free degree 1 and 2 certification

If you should be over 18 and learning a Youth Guarantee programme or fees-free degree 1 or 2 certification, you are able to only get a student-based loan for course-related expenses and residing costs.

When to use


Apply as soon as you’ll to assist ensure you get your payments that are correct time.

You are able to use even although you have not finalised where or everything you’re learning.

In the event that you use after your program begins

You’ll apply up to the date your program finishes but we could pay just you against whenever you distribute the application.

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 will need to re-apply for an educatonal loan every year you learn.

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

  • Compulsory course costs
  • Course-related expenses
  • Residing costs.

To obtain your course-related expenses you want to claim them in MyStudyLink once we’ve gotten your education loan agreement.

If you’re applying when it comes to time that is first there are a variety of actions you need to simply take.

In the event that you’ve had an education loan significantly more than 12 months ago, you will need to follow a process that is different.

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

What goes on next

You’ll receive a learning pupil Loan agreement that you can want to go back to us with any documents we request.

After we’ve got every thing we want away from you, we will verify your enrolment details along with your training provider nearer to the beginning of your program. You should be completely enrolled before we are able to repeat this.

Manage the application

You are able to handle your details online, in MyStudyLink.

Re Re Payments

When you are getting your repayments relies on:

  • Once you use
  • If your program begins
  • Whenever you claim your course-related costs or request your living costs.