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Student Loan Scheme Act 2011

Repayment obligations of borrowers - New Zealand-based borrowers' repayment obligations for salary or wages - Standard deductions resulting in significant under-deductions or over-deductions

65: Significant over-deduction identified by borrower

You could also call this:

"What to do if you think too much money was taken for your student loan"

If you think too much money has been taken from you for your student loan, you can ask the government to check. You need to do this within 6 months of when you think the mistake happened. When you ask, you need to tell the government why you think too much was taken and give them any information they need to check. You have to let the government know about this in a specific way, which is explained in another part of the law called section 211.

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View the original legislation for this page at https://legislation.govt.nz/act/public/1986/0120/latest/link.aspx?id=DLM3180153.

Topics:
Education and learning > Higher educationMoney and consumer rights > Banking and loans
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"Money taken from your pay for student loans is final unless there's a big mistake"

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"The government checks if they took too much money for your student loan"

Part 2Repayment obligations of borrowers
New Zealand-based borrowers' repayment obligations for salary or wages: Standard deductions resulting in significant under-deductions or over-deductions

65Significant over-deduction identified by borrower

  1. If a borrower reasonably believes that a significant over-deduction was made in relation to him or her, the borrower—

  2. may request the Commissioner to determine whether a significant over-deduction was made; and
    1. must provide any evidence or information that the Commissioner may reasonably require in order to establish whether a significant over-deduction was made.

      1. The borrower must make a request under subsection (1)(a) within 6 months after the date on which the significant over-deduction is believed to have occurred.

      2. A request under subsection (1)(a) must be made by notifying the Commissioner (see section 211).

      Notes
      • Section 65(2): amended (with effect on 1 April 2012), on , by section 23 of the Student Loan Scheme Amendment Act 2012 (2012 No 32).