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Student Loan Scheme Act 2011

Interest, relief, penalties and offences, rights of objection, and rights to challenge - Relief - Hardship relief

152: Borrowers must notify Commissioner of change of circumstances

You could also call this:

“Tell the Commissioner if your situation changes after asking for help with your student loan”

If you ask for help because you are having a hard time paying back your student loan, you need to tell the Commissioner right away if anything changes. This includes if any information you gave them when you asked for help is wrong or not true anymore. You also need to tell them if something happens that might change whether you can get help or keep getting help with your loan payments. It’s important to let them know as soon as you can if anything in your situation changes.

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View the original legislation for this page at https://legislation.govt.nz/act/public/1986/0120/latest/link.aspx?id=DLM3180324.

Topics:
Education and learning > Higher education Money and consumer rights > Banking and loans
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151: Effect of Commissioner's decision under section 147, or

"What happens when the Commissioner decides to give you hardship relief for your student loan"

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153: Commissioner may review grant of hardship relief, or

"The student loan boss can check if they still need to help you with your payments"

Part 4 Interest, relief, penalties and offences, rights of objection, and rights to challenge
Relief: Hardship relief

152Borrowers must notify Commissioner of change of circumstances

  1. A borrower who applies for hardship relief under section 145(1)(b) must notify the Commissioner, and provide details, as soon as practicable if there is a change in the borrower's circumstances that—

  2. means that any information supplied to the Commissioner under section 145 is incorrect or inaccurate; or
    1. may affect whether or not a borrower would have been, or will continue to be, granted hardship relief under section 147.

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