You may notice some changes to your student loan statement.
Your loan summary
Your statement now includes a summary showing:
- all amounts you have borrowed
- any interest added
- fees and penalties charged
- payments you have made.
The summary is shown as:
- increases to your loan – such as living costs you have borrowed and fees you have been charged
- decreases to your loan – such as payments you have made and deductions from your salary or wages.
From April 2020 - if you have an interest free student loan, interest is no longer added to your loan and then written off.
But you will still see interest charged and written off for periods up to April 2020.
Your recent loan details
Your recent loan details show the dates and details of new or changed amounts since your last statement.
Because we've just moved to a new computer system, you may see some amounts that were also shown on your last statement.
Occasionally, there may be a delay in updating your account with the student loan deductions we've received from your employer.
If your statement does not show an amount you were expecting, check your myIR account in a few days' time. In myIR, you can view up-to-date information and all your loan details back to April 2006.
Who to contact
If you have concerns or questions about amounts you have borrowed like compulsory course fees, course related costs, living costs, establishment fees, contact StudyLink.
If you have concerns or questions about any other loan details, contact us.