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If you're an approved charitable organisation, and a student loan borrower is, or will be, working overseas for you as a volunteer (or for token payment), they can apply to us to be treated as being physically in New Zealand to keep their entitlement to an interest-free student loan.
Entitlement to an interest-free loan for the student loan borrower only applies when the work they undertake is to:
in a country that is on the OECD list of countries receiving development assistance.
We can grant this for volunteer work for a maximum aggregate period of 24 months.
If you're a borrower find out what information you need to remain interest-free when you're working overseas.
Approved charitable organisations are listed on our website.
If you wish to become an approved charitable organisation you must:
Write to us outlining the reasons why you should become an approved charitable organisation. Include a copy of your trust deed (or other founding document).
You can write to us at:
PO Box 1147
Palmerston North 4440
You can also email us at Charities.Queries@ird.govt.nz.
We'll contact you if we need any more information.
When we assess your application consideration is given to the following:
If you're not a registered charity within New Zealand we'll need more information to consider your request. To be listed as a charity for the purposes of the student loan scheme, this could include: