Borrower

You'll need to start making repayments if you earn over the repayment threshold. We won't be able to deduct repayments from your pay, so you can choose to:

• make your student loan repayments directly to us at the end of the tax year, or
• make repayments throughout the year so you don't have as much to pay at the end.

The repayment threshold

Make a repayment

Your first year
During your first year you can choose to make repayments throughout the year so you don't have a large bill at the end (31 March).

Subsequent years
For all following years, you'll most likely need to make interim repayments three times a year.

Interim repayments

We send out statements twice a year, in May and October. If you want to find out your student loan balance at other times of the year, you can either:

• view your account balance online by registering for an Online Services account and selecting the Look at Account Information service, or
• request a statement.

Statements and balances

You can make additional repayments at any time. This will mean you can repay your loan faster. Use the Student loan repayment calculator for New Zealand-based borrowers to work out how long it will take.

You can also choose to pay off your loan in full at any time of the year.

Additional repayments

Repay your loan in full

If you're eligible for an interest-free student loan we'll write off the interest you've accumulated throughout the year.

Note: If you're not eligible for an interest-free student loan, you may be eligible for other interest write-offs (up until 31 March 2007).

Eligibility for interest-free student loans

Other interest write-offs

You'll need to complete your Individual tax return (IR3) for tax purposes. Include all income you've received throughout the year.

We'll work out your repayments based on your IR3 return and send an end-of-year repayment calculation which shows any student loan refund or amount owed. It'll also tell you the amount you need to pay in interim repayments for the following year.

End-of-year square-up process

Once you've received your end-of-year repayment calculation you may need to:

• make a repayment for the amount owed, or
• claim an optional refund if you've overpaid.

Received a bill?

Overpayments and refunds