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Student Loan Scheme Act 2011

Interest, relief, penalties and offences, rights of objection, and rights to challenge - Interest - Loan interest charged for all overseas-based borrowers

137: Full interest write-off for New Zealand-based borrowers

You could also call this:

“No more special interest rules for people with student loans living in New Zealand”

The law used to say something about full interest write-off for New Zealand-based borrowers. However, this part of the law no longer exists. It was removed on 1 April 2020. This means that whatever rules were in this section before are no longer in effect. If you want to know about current rules for student loan interest, you might need to look at other parts of the law or ask someone who knows about the current rules.

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This page was last updated on

View the original legislation for this page at https://legislation.govt.nz/act/public/1986/0120/latest/link.aspx?id=DLM3885564.

Topics:
Education and learning > Higher education Money and consumer rights > Banking and loans
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136: Notification that loan interest has compounded, or

"Loan company tells you when they've added interest to what you owe"

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138: Loan interest written off for quick repayment of consolidated loan balance, or

"You might not have to pay interest if you quickly pay off your student loan after returning to New Zealand"

Part 4 Interest, relief, penalties and offences, rights of objection, and rights to challenge
Interest: Loan interest charged for all overseas-based borrowers

137Full interest write-off for New Zealand-based borrowers (Repealed)

    Notes
    • Section 137: repealed, on , by section 122 of the Taxation (Annual Rates for 2019–20, GST Offshore Supplier Registration, and Remedial Matters) Act 2019 (2019 No 33).