If you qualify for fees-free study, you may still need to apply for a Student Loan for course-related costs or living costs. Only students studying full-time can access loans for course-related costs and living costs.
Remember though it is a loan and needs to be paid back. I’m sure we all know of people who, while studying, spent their living costs on fun things.
In order to stay eligible for Student Loan students need to pass at least half of their course work (EFTS) over a set period.
There is a lifetime limit of 7 EFTS (around 7 or 8 years of full-time study) for Student Loans.
If you are under 18 when you sign your Student Loan contract, a parent will need to give permission – this isn’t as guarantor, the loan repayments will be their responsibility.
Like with Student Loan, students must pass more than half of their EFTS to remain eligible, there is a limit of 200 weeks study (about 5 years).
Student Allowance does not get paid over the summer holiday, so students will need to either get a job during this period or apply for Jobseeker Support Student Hardship while they are looking for a job.
If you are thinking about tertiary study, you may be able to receive your first year fees-free. If you are planning on industry training (where they are training in a workplace, or doing ‘on the job’ learning), you could get two years fees-free.
If you need advice, help or more information, contact StudyLink directly on 0800 88 99 00, or email them via their website (https://www.studylink.govt.nz/about-studylink/contact-us/email.html). If you have a unique situation or specific questions about your situation, touch base with StudyLink, or contact them to make an appointment to meet face-to-face. There is a StudyLink office based in Princes Street.
Remember, to ensure you get your first payment on time, apply before the 16th December.