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2020	4.8 Satisfied (135 Votes)
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What is the maximum student allowance?

Your income can be up to $240.70 a week (before tax), before it affects your Student Allowance. After this, your Student Allowance reduces cent for cent. Your Student Allowance weekly payment is $319.74 (after tax) or $364.72 (before tax).

Is Studylink increasing?

Student Allowance and Student Living Cost will both be increasing from 1 April 2022. This increase was announced last year in Budget 2021. It has been combined with the Annual General Adjustment which occurs every year on 1 April.

How much can you borrow from Studylink?

You can borrow up to $1000 in course-related costs per Student Loan account (generally 52 weeks). You don't have to borrow the full amount. You also don't need to claim it all at once.

What is an income tested benefit in NZ?

All the working-age main benefits are income-tested \u2013 that is, tested against how much you earn. The amount you'll get will be reduced (\u201cabated\u201d) if you earn more than a certain amount, see \u201cHow earning money will affect your benefit ('Abatement')\u201d under \u201cBenefit rates: How much you'll get, and how much you can earn\u201d.

How many EFTS do I have?

Usually, 0.125 EFTS is equivalent to 15 credits or points at your education provider. We use EFTS for a number of reasons when looking at whether you can get a Student Loan or Student Allowance....Full-time study. Number of weeksMinimum EFTS you need to be full-time290.725300.75310.77532-520.813 more rows

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