Changes to Student Allowance and Student Loans
01 April 2010
Student Allowance rates and thresholds and Student Loan living costs are changing from 1 April 2010 due to the Annual General Adjustment.
What is the Annual General Adjustment?
The Annual General Adjustment occurs each year to ensure that the rates of New Zealand Superannuation/Veterans Pension, Social Security benefits and Student Allowances, Community Services Card thresholds and other assistance keep pace with the increases to the cost of living.
Student Allowance rates and threshold changes
Changes have been made to the Student Allowance rates as part of the Annual General Adjustment. There have also been increases in the Personal and Joint Income thresholds as well as the Parental Income threshold.
These new rates and thresholds take effect from 1 April 2010 and are listed in the below attachment. The increased rates will happen automatically and will be applied to the first payment in the week starting 05 April 2010.
Student Loan living costs increase
The maximum available under the Living Costs component of Student Loans will increase to $163.38 per week, from 1 April 2010.
