Loans and Allowances
The Government provides the following forms of assistance:
- Student loans
- Student allowances
- Training incentive allowance
Student loans are a Government loan for New Zealand students that you repay through the Department of Inland Revenue when you start working. To qualify for a student loan you must be a New Zealand citizen, an Australian citizen or permanent New Zealand resident who has lived in New Zealand for at least two years, enrolled in a Ministry of Education approved full time or part-time programme (the equivalent of at least 12 weeks full time).
The amount you can borrow includes:
- Course-related costs (up to $1,000)
- Living costs
You can apply for a loan when you sign up for a programme and you should most certainly apply once you have been accepted on to a programme to ensure there is enough time to process your application before you start your studies. It can take at least 3 weeks to process your loan application. You will know that your loan is approved when you get a letter of approval from StudyLink. Enclose this letter with your signed student loan contract and return it to StudyLink.
You will need your IRD number, your bank account details and a certified copy of your birth certificate or passport.
New Zealand students attending a full-time programme of 12 weeks or longer and who are 18 years or over may be eligible for a student allowance. Students who are 16 and 17 years of age may also be eligible. Allowance rates may be affected by a studentís parentís income and can be topped up via a student loan in some situations. You can apply online to see if you are eligible.
Contact StudyLink for further information
Phone: 0800 88 99 00
Financing your study
Check out Studylink for advice and information on financing your study.
They have a cost of living calculator which can help you understand what it will cost to live as a student. It's intended as a guide to help first-time students who are new to living away from home.