Posts Tagged ‘Student loans’
Studying and learning the skills and knowledge you need to begin a career is an incredible opportunity that all of us should do at least once in a lifetime.
Yet for many, one of the hardest parts about study is being able to not just pay for the tuition, but also to be able to get by when you are spending a large amount of time on your training.
Fortunately, there is help at hand. Here’s a little more about what financial support is available for students in New Zealand.
The fees free programme
One of the best things about studying in New Zealand is the recent Fees Free Programme.
Under this programme, students studying for the first time are eligible for their first year of courses for free (or at least, paid for by the government).
Both ITC and Study From Home are recognised providers, which means that if it’s your first time studying – and even if it’s been a while since you left high school – you are likely eligible for your entire first year of study with us.
Another perk of studying in New Zealand is the student loan scheme. New Zealand citizens and those who have been permanent residents for three years or more are able to receive student loans.
Under this scheme, StudyLink (a government agency) pays for your tuition so you can enrol to study. Once you finish studying, you pay these loans back at a low rate from your income, and you don’t pay any interest on them (unless you leave the country for more than six months).
Additionally, you can apply for a weekly student loan that provides you with funds to get by while you are studying. At the moment, that figure is up to $242.53 per week. It is highly recommended that you only apply if you need it, and only apply for what you need, as you will still need to pay these costs back when you finish your studies.
Finally, your student loan also allows you to apply for course-related costs. Fortunately if you are considering study with Study From Home, you won’t have any expensive text books or parking passes to buy. However we do ask that all students have their own personal computer or laptop, so you may wish to use your course-related costs to invest in one or to set up a study space at home.
A student allowance is another weekly payment you may be able to get from StudyLink. However, an allowance does not have to be paid back.
You can view more about the eligibility criteria here, but generally speaking, you first need to be a New Zealand citizen or resident who is studying full time. It will depend largely on your parents income if you are under the age of 24, and your own income and circumstances if you are over 24.
At the moment, the maximum weekly payment is $260.48 before tax, but this may be lower depending on your specific circumstances.
The maximum payment will increase by $25 per week from April 1 2022, which may help make studying that much more attainable for some students.
Studying with Study From Home is also a highly affordable option for many, as it means you don’t need to move cities to come to campus, commute daily, deal with packing or buying lunches, or even buying new clothes for classes.
We also offer support in helping you to check if you are eligible for Fees Free Study, helping you with student loan and allowance applications if necessary, and walking you through the enrolment process.
And of course, our dedicated Employment Consultants will be there for you to help you find a role in the industry once you graduate, and in the years ahead.
We want nothing more than for our students to enjoy a fulfilling study experience followed by a fun and rewarding career in the travel, tourism, and aviation industries. We know that it can be a financial challenge, but with the right support and planning, anyone can earn the qualifications they need for an incredible career.
Get in touch to find out more about distance learning with Study From Home.
Study From Home – firstname.lastname@example.org 0800 TOURISM (0800 868747) or https://www.studyfromhome.co.nz/contact-us/Posted in News | Tagged Distance Learning, Financial support, ITC Online training, Student allowance, Student loans | Leave a reply