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Student Loan Scheme Act 2011

Preliminary matters, loan advances, and New Zealand-based and overseas-based borrowers - Establishment of student loan

14: Student loan establishment fee

You could also call this:

“You pay a small fee when you get a new student loan”

When you take out a student loan after 31 March 2012, you will need to pay a fee. This fee is called a student loan establishment fee. It costs $60 each time you get a new loan. The government might change this amount in the future. The person who manages your loan will charge you this fee.

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View the original legislation for this page at https://legislation.govt.nz/act/public/1986/0120/latest/link.aspx?id=DLM3553401.

Topics:
Education and learning > Higher education Money and consumer rights > Banking and loans
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"Your student loan contract must explain key details about your loan"

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Part 1 Preliminary matters, loan advances, and New Zealand-based and overseas-based borrowers
Establishment of student loan

14Student loan establishment fee

  1. A student loan establishment fee of $60 (or any other amount prescribed by regulations) must be charged by the loan manager to a borrower each time the borrower enters into a loan contract after 31 March 2012.