Leaving New Zealand may affect your student loan, whether you’re taking a short trip, doing your OE, studying abroad, or moving overseas permanently.

People away from New Zealand for up to 6 months are usually considered to be New Zealand based borrowers, and are still entitled to an interest-free student loan.

People away from New Zealand for more than 6 months are charged interest on their student loan.  They may be entitled to a repayment holiday of up to 3 years – but interest will continue to be charged on their loan, so it’s a good idea to make voluntary repayments.

Visit the Inland Revenue website (external link) linkto find out what you need to do before leaving, what your repayment obligations are, interest charges, and how to make repayments. Or if you're already based overseas, find out what to do if you plan to return to New Zealand.

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