We often hear from overseas based NZ student loan borrowers who believe that they have no payment obligations because they don't earn much money.
If you live in New Zealand, your income determines whether or not you have to make a payment to the IRD for your student loan. If you live overseas this does not apply. All overseas residents have minimum compulsory payments, even if they have no income. The minimum compulsory payment is related to the size of your debt and not to your income.
Please contact us if you would like more information.
If you live in New Zealand, your income determines whether or not you have to make a payment to the IRD for your student loan. If you live overseas this does not apply. All overseas residents have minimum compulsory payments, even if they have no income. The minimum compulsory payment is related to the size of your debt and not to your income.
Please contact us if you would like more information.