Income for Student Loan
If you get any income, it could affect when you have to start paying back your loan.
You need to start making payments to your Student Loan once you earn over $20,020 before tax a year (or $385 a week before tax).
Your Student Loan isn't affected by any income you earn.
But you'll need to start paying it back when you earn over $20,020 before tax a year (or $385 a week before tax) even if you're still studying.
You may be able to apply for a repayment deduction exemption from Inland Revenue if you're:
- still studying
- earning more than $385 before tax on some weeks, but less than $20,020 before tax over the year.