Student Loan Scheme Act 2011

Preliminary matters, loan advances, and New Zealand-based and overseas-based borrowers - Determining whether borrowers are New Zealand-based or overseas-based

21: Overview of being New Zealand-based or overseas-based

You could also call this:

"Explains when you're based in New Zealand or overseas for your student loan"

This part of the law explains when you are considered to be based in New Zealand or overseas if you have a student loan. This is important because it affects how you pay back your loan.

If you are based in New Zealand, you will have different rules for paying back your loan compared to if you are based overseas. The law tells you exactly what these rules are in another part of the document.

If you are based overseas, you will have to pay interest on your loan for each day that you are not in New Zealand. This is explained in more detail in subpart 1 of Part 4 of the law.

Remember, this is just a simple explanation to help you understand. The actual law has more details that you might need to know.

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This page was last updated on 5 April 2025

View the original legislation for this page at https://legislation.govt.nz/act/public/1986/0120/latest/link.aspx?id=DLM3180083.

Topics:

Education and learning > Higher educationMoney and consumer rights > Banking and loans

20: Borrower must be notified of certain changes to obligations, or

"The government must tell you if your student loan rules change"

22: Meaning of New Zealand-based, or

"What it means to be based in New Zealand for student loans"

Part 1Preliminary matters, loan advances, and New Zealand-based and overseas-based borrowers
Determining whether borrowers are New Zealand-based or overseas-based

21Overview of being New Zealand-based or overseas-based

This subpart specifies when a borrower is treated as being New Zealand-based and when a borrower is treated as being overseas-based.
Under Part 2, different repayment obligations apply to a borrower depending upon whether that borrower is New Zealand-based or overseas-based.
Under subpart 1 of Part 4, a borrower is liable to pay loan interest for each day that that borrower is overseas-based.
This section is intended as a guide only.