If you’d like assist to spend for day-to-day living expenses, you may well be capable of getting a regular repayment of living costs.

Important info

Residing prices are element of a student loan which means you’ll need certainly to spend them right straight back.

The Student Loan living costs is much like the pupil Allowance you need certainly to spend it straight right back. It’s not necessary to repay the learning student Allowance however you have to meet the requirements

Whom can obtain it

You could get a learning student loan for residing costs if you are:

In addition, you need certainly to meet the requirements for a learning student loan

Everything you can get

You will get up to $242.53 per week for residing costs you don’t need to borrow the amount that is full.

Whenever original site you submit an application for living costs you can easily decide to obtain the Consumer cost Index (CPI) modification on 1 April every year. It means you’ll always get the maximum amount of living costs if you select this.

We won’t purchase your lump sum hostel or hall of residence expenses.

Finding a learning student Allowance

In case your pupil Allowance is more as compared to amount that is maximum of costs ($242.53), you cannot get costs that are living well.

If for example the pupil Allowance is lower than $242.53, you could get living expenses aswell, your total can’t be significantly more than $242.53.

Simple tips to use

Apply on line for an educatonal loan (for those who haven’t already) and go into the quantity of residing costs you need every week.

If you have already sent applications for a learning student loan, you can easily change your living costs online, in MyStudyLink.

Re Payments

We spend your living costs to you personally so long as:

You nominate them when you get paid depends on when.

Nominate costs that are living your program begins

If you nominate residing costs before your program begins, you qualify through the date your program starts.

When you are getting your very first repayment is dependent upon if your education loan application is authorized.

Education loan application authorized before program begins

In the event your application for the loan is authorized before your program begins, you’ll ensure you get your very very first regular repayment in the 2nd week of one’s program.

You won’t get anything in the very first week of one’s program because we spend you in arrears. What this means is you learn for starters week and obtain taken care of that research when you look at the week that is next. When you complete your course, you’ll get your payment that is last a later on.

Education loan application authorized after course begins

If the application for the loan is authorized after your program begins and you also sent applications for it:

This is compensated to you personally in a lump sum payment. You are going to then ensure you get your very very first regular repayment a week later on.

You will not get the first regular re payment until seven days later in arrears because we pay you. This implies you learn for starters week to get taken care of that study into the a few weeks. Once you finish your program, you’ll receive your payment that is last a later on.

Nominate living expenses after your program begins

You qualify from the date you contact us to nominate them if you nominate living costs after your course starts. We cannot pay them earlier in the day when you call us.

You’ll receive very first weekly re re re payment the week us to nominate them after you contact. It is because we spend you in arrears, and that means you learn for just one week and obtain taken care of that research within the next week. Whenever you complete your program, you’ll receive your payment that is last a later.

Nominate living expenses and make an application for pupil Allowance

In the event the loan is authorized first, you will get the regular living expenses amount that you have selected.

Once your pupil Allowance is authorized, your living expenses will either:

stop, i f your pupil Allowance is more than the amount that is maximum of costs ($239.76) – you cannot get residing costs since well.

reduce, when your pupil Allowance is significantly less than $239.76 – your total can not be a lot more than $239.76.

Straight Right Right Back re re payment of Pupil Allowance

When we owe you any straight back repayment of Student Allowance:

This will be paid onto your loan first, to pay back you are cost by any living gotten

we will place some towards any debts you’ve got aided by the Ministry of Social developing, eg, StudyLink (excluding your education loan) or Perform and Income