Student Loan contract

This contract details how your Student Loan will work. By signing it, you are agreeing that you are responsible to repay the loan.

Once your loan application is approved, the contract becomes binding, which means that we can enforce it by law. This can also be used by Inland Revenue to recover your Student Loan debt.

The contract has 3 parts:

• a page for you to sign
• terms and conditions
• a schedule which tells you about:
  • loan information
  • interest
  • repayments.

If this is your first Student Loan, we’ll send you a Student Loan contract in the mail.

You need to:

• confirm your details are correct
• read the terms and conditions
• sign the contract
• log in to Connect and upload your contract.

No name changes

If you’ve had a Student Loan before you can accept your new contract online, in MyStudyLink.

We’ll tell you by text or email once your new contract is in MyStudyLink.

You need to:

• confirm your details are correct
• read the terms and conditions
• accept the contract.

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You've changed your name

If you've had a Student Loan before and you've changed your name (eg you've gotten married), we’ll send you a Student Loan contract in the mail.

You need to:

• confirm your details are correct
• read the terms and conditions
• sign the contract
• log in to Connect and upload your contract.

If you’re under 18, we’ll send you a Student Loan contract in the mail.

You need to:

• confirm your details are correct
• read the terms and conditions
• sign the contract
• get one of your parents to sign the contract, unless:
  • you’re married or in a civil union relationship
  • you have a child
  • you’re getting a Student Allowance that's not based on parents' income (Independent Circumstances Allowance).
• log in to Connect and upload your contract.

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Reason for parent to sign the contract

One of your parents needs to sign the contract to show they agree to you getting a loan for:

• compulsory course fees
• course-related costs
• living costs.

Signing the contract doesn't mean they are responsible for taking out and repaying the loan, only that they agree to you getting it.

Once the parent has agreed to this, they can’t take back their consent.