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Student Loan Scheme Act 2011

Matters of general application and miscellaneous matters - Matters of general application

195B: Date on which final-year fees-free entitlement treated as being credited

You could also call this:

“When your final-year fees-free money is added to your student loan account”

When you get a final-year fees-free entitlement, it’s like getting money taken off your student loan. This happens on the day you finish your qualification. The government considers this entitlement to be applied to your total student loan balance on the same day you earn your qualification.

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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=LMS1182195.

Topics:
Education and learning > Higher education Money and consumer rights > Banking and loans
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195: Date on which salary or wage deductions and payments treated as being made and credited, or

"When money is taken from your pay or given to the government for your student loan"

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196: Cancellation of interest if consolidated loan balance repaid early, or

"No interest if you pay off your entire student loan quickly after being told how much you owe"

Part 5 Matters of general application and miscellaneous matters
Matters of general application

195BDate on which final-year fees-free entitlement treated as being credited

  1. An entitlement under the final-year fees-free scheme is treated as being credited against a borrower’s consolidated loan balance on the date the borrower is awarded their qualification.

Notes
  • Section 195B: inserted (with effect on 1 January 2025), on , by section 261 of the Taxation (Annual Rates for 2024–25, Emergency Response, and Remedial Measures) Act 2025 (2025 No 9).