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Student Loan Scheme Act 2011

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

153: Commissioner may review grant of hardship relief

You could also call this:

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

The Commissioner, who is in charge of student loans, can look at any decision they made to give you help if you’re having a hard time paying back your loan. This help is called hardship relief.

If the Commissioner thinks things have changed since they gave you hardship relief, they can do two things. They can ask you to undo the effects of the hardship relief they gave you. They can also make you start paying back your loan again, either all of it or part of it, as if you never got the hardship relief. If they do this, you might have to pay money that you would have owed during that tax year.

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View the original legislation for this page at https://legislation.govt.nz/act/public/1986/0120/latest/link.aspx?id=DLM3180325.

Topics:
Education and learning > Higher education Money and consumer rights > Banking and loans
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152: Borrowers must notify Commissioner of change of circumstances, or

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

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154: Application for instalment arrangement, or

"Asking to pay your student loan bit by bit"

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

153Commissioner may review grant of hardship relief

  1. The Commissioner may review any decision he or she made to grant hardship relief to a borrower.

  2. If for any reason the Commissioner considers that the circumstances for the grant of that hardship relief have changed, the Commissioner may do either or both of the following:

  3. require the borrower to take any action that is required to reverse the effects of the hardship relief that was granted to the borrower:
    1. reinstate all or part of the repayment obligation that would have applied to the borrower if hardship relief had not been granted to the borrower, and require payment of any amount that would have been due during the relevant tax year.

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