ird.govt.
nz
IRD Number 092-403-556
Reference L1403536584
MISS SARAH JANE EDNA STEVENS
Issued 23 April 2023
2 HAMLIN ROAD
MOUNT WELLINGTON AUCKLAND 1060
Your current student loan
Student Loan Statement balance is
as at 23 April 2023 $26,452.96
Your loan summary
This is a summary of your student loan including amounts StudyLink has sent us, any interest,
fees and penalties charged and payments you have made. You can check up-to-date details of
your student loan in myIR at any time.
Increases to your loan
Compulsory course fees $13,509.60
Course-related costs $3,000.00
Living costs $2,958.48
Establishment fee $180.00
StudyLink amounts $9,123.61
Administration fees $360.00
$29,131.69
Decreases to your loan
Opening loan amount* -$43.49
Interest -$589.12
Salary and wage deductions -$2,046.12
-$2,678.73
Your current loan balance as at 23 April 2023 $26,452.96
*This is the total increases and decreases to your loan, for earlier periods.
For more information about these amounts, visit www.ird.govt.nz/manage-my-loan
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Making extra payments
You can pay off your loan sooner by asking your employer to deduct more from your pay or
making extra payments direct to IR.
Go to ird.govt.nz/pay to find out about paying by:
• direct debit
• credit or debit card
• internet banking.
Your recent loan details
On 22 July 2022 when your last statement was issued, your loan balance was $26,412.96.
Any new or changed amounts since then are listed below.
Administration fees
We charge an administration fee each year to cover the cost of managing your loan.
Date Details Amount
1 April 2023 Administration fee $40.00
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Other useful information
Your loan balance Having trouble paying?
Your loan balance is based on the details we held There are a number of options available in myIR
when we issued this statement. Your balance can to help you manage your repayments:
change if, for example:
• If you're earning salary or wages, you can
• your employer changes any repayments apply for a reduced deduction rate
they deducted from your wages • You can apply for relief if you cannot afford
• you travel overseas which may affect your your payments
eligibility for an interest free loan • You can request an instalment arrangement
• we receive more information from for amounts you owe
StudyLink • If you're going overseas you can apply for a
• an administration fee is charged. temporary repayment suspension.
Interest-free loans Overseas-based enquiries
If you've been living in New Zealand for 183 or If you are paying interest because you are not in
more consecutive days, you're eligible for an New Zealand and you have any questions, call one
interest free loan. of the following:
If you're not living in New Zealand or have been • Toll free New Zealand 0800 600 012
out of New Zealand for 184 days or more, you • Toll free Australia 1800 559 653
won't be eligible for an interest free loan, unless • Toll free UK 0808 234 0098
you're being treated as overseas based - interest • Worldwide +64 4 916 7114
free.
Available NZT 6.15am to 8.00pm weekdays
How loan interest is calculated
myIR
If your loan is not interest free, the current annual
interest rate is 2.9%. Interest is calculated daily You can manage your tax and entitlements online
using this rate. Interest may be adjusted when with a myIR account.
transactions made in a previous statement period
haven't been shown on your account. In myIR you can:
• keep up-to-date with your student loan
If you believe the interest we've charged is • check and update your Working for Families
incorrect then you can dispute this, but you must Tax Credit details
do this within four months of the date of this • review your KiwiSaver contributions
statement. • manage your child support payments
• file returns
Paying off your loan in full • update your contact and bank account
details.
If you are paying interest on your loan and want
to repay your loan in full, you have 30 days from myIR is available 24 hours a day, seven days a
the date of this statement to pay the current loan week. Find out more, and register, at
balance before further interest will be added. www.ird.govt.nz/myIR
If you don't make loan payments on time Our website
If you do not pay on time we may charge you late Go to ird.govt.nz/studentloans to find
payment interest on the outstanding amount each information about repaying and managing your
month, until you pay the overdue amount loan, travelling or living overseas, and your rights
(including late payment interest) in full. and responsibility.
The current annual late payment interest rate is
6.9%. This is reduced to 4.9% for amounts under
instalment arrangement.
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