Paying back your student loan
Repayments on your student loan depend on how much you earn and whether you’re based in New Zealand or living overseas.
Information for tertiary education students if you’re affected by COVID-19.
Who your student loan is with
You apply for a student loan through StudyLink. Shortly after approving it and sending the amounts to you and your education provider, StudyLink transfers the day-to-day management of your student loan to Inland Revenue (IR).What happens to your loan — StudyLink
Check your student loan amount
To check your student loan balance, log into your myIR account or contact IR.
When to make repayments
If you’re based in New Zealand
You must start or continue repaying your student loan to IR and earning over a certain amount.
How much you pay depends on whether you earn a salary or wages, or you’re self-employed or earn other types of income.
Check the IR website for information about repayments and deduction rates or exemptions, and what tax codes to use.
- Repaying my student loan when I earn salary or wages — IR
- Repaying my student loan when I am self-employed or earn other income — IR
If you’re based overseas
The length of time you are out of NZ for can affect how much interest is applied to your student loan and when repayments are due.
Before you go overseas, check the IR website about:
- minimum repayments on your loan for the country you’re going to
- payment amounts and due dates for payment
- applying for a temporary repayment suspension.
Difficulty repaying your student loan
Find out your options if you’re having trouble repaying your student loan and what happens if you miss a payment.
Questions or problems with your student loan
If you have questions about your student loan, check the IR website for more information about when to contact IR or StudyLink.Who to contact about my student loan — IR