Student loans and allowances
The Government contributes to the cost of further education in New Zealand for eligible students, but most tertiary education providers also charge fees depending on the type of course being offered. Students can borrow money for tuition fees, course costs and living costs, and they might qualify for a subsidy for living costs.
Financial support for further education
Targeted Training and Apprenticeship Fund
From 1 July 2020, young people who want to undergo training or apprenticeship in certain industries may be eligible to apply for the Targeted Training and Apprenticeship Fund. The fund covers the costs of training and apprenticeship and covers things like tuition fees, compulsory course costs, assessments and compulsory student services fees. Go to the Tertiary Education Commission website to check if you’re eligible for this fund.
Eligibility for tertiary education refund
All New Zealand students who finished school after January 2017 qualify for a year of free provider-based tertiary education or 2 years of a long industry training programme such as an apprenticeship.
If a young person in your family has already applied for a loan to cover their first year of fees and they find out that they didn’t have to do this because they are eligible for fees-free, they should approach the provider and ask for a refund.
Eligible students are entitled to a refund of the amount you have paid to do a course starting on or after 1 January 2018, up to the value of the $12,000 fees-free cap.
A full list of who qualifies and what study is eligible for fees-free tertiary education and training is available through the fees-free website.
A Student Allowance is a weekly payment that can help with your living expenses while you’re studying. The Student Allowance is similar to the Student Loan living costs, but you don’t have to pay it back.
Allowance payments for:
- single students aged under 24 and living away from home is $227.03 a week
- single students with children is $379.57 a week, and
- couples with children (where one partner is not enrolled in more than half of a full-time course) is $479.34 a week.
You can see if you are eligible for a student allowance at Student Allowance - StudyLink website.
Students can borrow money for the payment of tertiary fees, course related costs and to subsidise living expenses. The money borrowed will need to be repaid once you start earning over a certain income threshold.
The maximum amount students can borrow through a student loan to help pay for living costs is $228.81 a week.
Students can choose how much they want to borrow if they don’t want to take out the maximum rate for living costs.
StudyLink encourages students to apply as early as possible to help get the correct payments on time.
Eligibility requirements and applications for student loans are done through the Student Loan – StudyLink website.
Scholarships and Grants
You might be able to get a scholarship or grant to help with our tertiary studies.
Community Services Card
Tertiary students are eligible for a Community Services Card to help with health care costs.
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