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How do student loans work? - HOW DO I / Applying / Fees, costs and financing / Loans and allowances - NMIT Support

How do student loans work?

Student loans are a government loan for New Zealand students that you repay through the Department of Inland Revenue when you start working. 

The amount you can borrow includes:

  • Course fees
  • Course related costs
  • Living costs and
  • Loan administration fee

You can apply for a loan when you apply for a programme and you should most certainly apply once you have been accepted on to a programme to ensure there is enough time to process your application before you start your studies.

You will know that your loan is approved when you get a letter of approval from StudyLink.

You will need your IRD number for your loan application and for your NMIT application/enrolment.