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Student Loan contract
You’ll need to sign a Student Loan contract as part of your application.
The contract details how your Student Loan will work. You may be able to accept your contract online using MyStudyLink. Alternatively, you can sign and return a paper contract.
It is important that you read the terms and conditions carefully. By signing or accepting it, you are agreeing that you are responsible to repay the loan.
Once your loan application is approved, the contract becomes binding, which means that we can enforce it by law. This is also used by Inland Revenue to recover your Student Loan debt.
The contract has 3 parts:
- a section for you to sign (paper contracts) or accept (online contracts)
- terms and conditions
- a schedule which tells you about:
- loan information
- interest
- repayments.
If you're over 18 at the time of your application, and you are not in prison, you can accept your contract online, in MyStudyLink.
We'll tell you by text or email once your contract is in MyStudyLink.
You need to:
- confirm your details are correct
- read the terms and conditions
- accept the contract.
If you are not able to accept your contract online, or you choose to use a paper contract, we'll send you a Student Loan contract in the mail.
You need to:
- confirm your details are correct
- read the terms and conditions
- sign the contract
- log in to Connect and upload your contract.
If you're under 18 at the time you make your Student Loan application, we'll send you a Student Loan contract in the mail.
You need to:
- confirm your details are correct
- read the terms and conditions
- sign the contract
- get one of your parents to sign the contract, unless:
- you’re married or in a civil union relationship
- you have a child
- you’re getting a Student Allowance that's not based on parents' income (Independent Circumstances Allowance).
- log in to Connect and upload your contract.
Reason for parent to sign the contract
One of your parents needs to sign the contract to show they agree to you getting a loan for:
- compulsory course fees
- course-related costs
- living costs.
Signing the contract doesn't mean they are responsible for taking out and repaying the loan, only that they agree to you getting it.
Once the parent has agreed to this, they can’t take back their consent.
View all the Student Loan contracts from 2011, including terms and conditions, on the Ministry of Social Development website.
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