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Student Loan Scheme Act 2011

Repayment obligations of borrowers - Overseas-based borrowers' repayment obligations

106: Meaning of temporary repayment suspension

You could also call this:

“What it means when you can pause your student loan payments while living overseas”

In this part of the law, a temporary repayment suspension means a time when you don’t have to pay back your student loan if you’re living overseas. During this time, the amount you need to pay is set to zero. This applies to people who have borrowed money for their studies and are now living outside of New Zealand.

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View the original legislation for this page at https://legislation.govt.nz/act/public/1986/0120/latest/link.aspx?id=DLM3180239.

Topics:
Education and learning > Higher education Money and consumer rights > Banking and loans
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105: Application of this subpart, or

"Rules for people with student loans who live overseas"

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107: Borrowers who intend to be overseas-based may apply for temporary repayment suspensions, or

"You can pause your student loan payments if you're planning to go overseas"

Part 2 Repayment obligations of borrowers
Overseas-based borrowers' repayment obligations

106Meaning of temporary repayment suspension

  1. In this subpart, temporary repayment suspension means a period during which a borrower’s overseas-based repayment obligation is reduced to zero.

Notes
  • Section 106: replaced (with effect on 1 April 2012), on , by section 30 of the Student Loan Scheme Amendment Act 2012 (2012 No 32).
  • Section 106 heading: amended, on , by section 60(1) of the Taxation (KiwiSaver, Student Loans, and Remedial Matters) Act 2020 (2020 No 5).
  • Section 106: amended, on , by section 60(2) of the Taxation (KiwiSaver, Student Loans, and Remedial Matters) Act 2020 (2020 No 5).