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If youre under 40, you can get a Student Allowance for 200 weeks of tertiary study (around 5 years). If youre over 40, you can get a Student Allowance for 120 weeks of tertiary study (around 3 years). This includes any weeks of Student Allowance youve had before.
How does parental income affect NZ allowance?
If your parents joint earnings are more than $69,935.32 a year before tax, the rate you get for Student Allowance goes down. You cant get a Student Allowance if their joint earnings while you study are more than: $127,701.81 if you live with them.
How many years can a student receive financial aid?
You can receive the Pell Grant for no more than 12 terms or the equivalent (roughly six years). This is called the Federal Pell Grant Lifetime Eligibility Used (LEU). Youll receive a notice if youre getting close to your limit. If you have any questions, contact your schools financial aid office.
What is the maximum weekly student loan?
You can get up to $323.43 a week for living costs but you dont have to borrow the full amount. When you apply for living costs you can choose to get the Consumer Price Index (CPI) adjustment on 1 April each year.
What number is 0800889900?
If you have questions, you can contact StudyLink on 0800 889 900.
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There could be a variety of reasons why your student loan has been declined, including: Not being enrolled in enough EFTS. Not passing more than half of the total EFTS in your previous term.
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