This act aims to help manage student loans effectively. It sets up ways to collect repayments from people who have borrowed money for their studies.
The act also wants to make sure that if you borrow money for your education, you understand what you need to do to pay it back. It tries to explain things clearly so you know what you're agreeing to when you take out a student loan.
Another goal of this act is to encourage you to pay back your student loan as soon as you can. This doesn't mean you have to pay it all back right away, but it wants to help you think about paying it back when you're able to.
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View the original legislation for this page at https://legislation.govt.nz/act/public/1986/0120/latest/link.aspx?id=DLM3179903.
1: Title, or
"This law is about student loans and is called the Student Loan Scheme Act 2011"
The Parliamentary Counsel Office has made editorial and format changes to this version using the powers under subpart 2 of Part 3 of the Legislation Act 2019.
Note 4 at the end of this version provides a list of the amendments included in it.
This Act is administered by the Inland Revenue Department.
