Student Loans and Allowances
Student loans and allowances may be available to eligible students. For more information, visit the StudyLink Web site or call them on 0800 88 99 00.
You need to supply them with your ID number, provider code and PC code of your course.
The Government has tightened eligibility for student loans and allowances, including:
- A 7 EFTS lifetime borrowing limit
- A requirement of passing at least 50% of courses over the previous 2 years
- Permanent residency for 3 years (in total) for permanent residents before being eligible for a student loan and allowance.
Please visit the StudyLink Web site or contact StudyLink directly to see if these changes affect your eligibility to apply for a student loan or allowance.
Your ID Number
Your ID number is the same as your NZQA record of learning number / National Student Number. It is located in most of our letters to you in the application, interview, and enrolment process.
Our Ministry of Education provider code is 8601.
The course fees component of your student loan can pay all of your course fees.
You can also borrow up to $1,000 from the course-related costs component of your student loan to pay for your extra expenses.
If you aren’t eligible for a student allowance, you may be eligible to borrow your living costs against the living costs component of your student loan.
Your international examination fees are considered extra expenses. You would borrow this fee against the course-related costs component of your student loan.
You cannot borrow your international exam fees against the course fees component of your student loan.
Your course fees cover your National School of Aesthetics examinations.
Eligibility for student allowances range from person to person.
Contact StudyLink for further guidance on student allowances.
How the Student Loan and Allowance Process Works from Our End
After you’ve successfully applied for your student loan and/or allowance, we receive a Verification of Study (VoS) from StudyLink. We match this record with our records, so it is very important that your legal name matches the enrolment form and your current passport or other legal document you have supplied us. Your date of birth and student ID must also match.
Once we receive the VoS, we fill it out on-line and send it back to StudyLink. We have a turnaround time of between 8 and 48 hours from receiving the VoS. 99.9% of the time, we return the VoS on the same day we receive it.
On the VoS, we fill out your course fees (loan only), starting and finishing dates, and Equivalent Full Time Status (EFTS).
The VoS goes back to StudyLink for final processing and payment.
If you are having problems with StudyLink, please see the operations team for assistance.