Assumptions about the Student Loan online repayment calculator (Online forms help)

All amounts entered are in New Zealand dollars.
Increases in inflation are not taken into account.
No allowance is made for future changes in interest rates and government policy.
A repayment holiday is for three years unless you enter an end date for a shorter period. Interest accumulates during the repayment holiday period.
The repayment threshold, interest rates, additional repayments and any income amount you enter remain static for the duration of the student loan term.
You'll meet all your repayment obligations by the due dates.

If you're...	then you're...
in New Zealand for 183 or more consecutive days (approximately six months)	a New Zealand-based borrower.
overseas and have been granted an exemption to the 183-day requirement	a New Zealand-based borrower and entitled to an interest-free student loan for the period of your exemption.
absent from New Zealand for 184 or more consecutive days (approximately six months)	an overseas-based borrower.

Date published: 09 May 2008

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