Going overseas or returning to New Zealand

Your student loan payments may change when you move overseas or return to New Zealand after being away.

Going overseas

If you're outside of New Zealand for around 6 months, you might become overseas-based. If you're overseas-based:

• interest will be applied to your student loan from the day after you left New Zealand
• your loan repayments will be based on the balance of your loan at the time you left New Zealand. If your loan balance goes up, your repayments may go up. However, if your balance goes down, your repayments will not.

If you return to New Zealand and stay for around 6 months, you might become New Zealand-based. If you're New Zealand-based, your student loan:

• is interest-free from the date you returned to New Zealand
• repayments are based on how much you earn.