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Ina ea i a koe tō pūtea taurewa ākonga When you pay off your student loan

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If you pay within 30 days of getting your final loan balance, we'll cancel any interest that may be charged during this time.

If you have any outstanding payments or tax returns you should contact us.

Once you have everything up to date and we've received your final payment, we'll:

  • check your loan to make sure the right amount of interest has been applied
  • refund any overpayment, or transfer to another account if you've requested this
  • let you know when your student loan is closed.

This could take up to 30 working days.

When you are in New Zealand and have paid off your student loan, you’ll need to change your tax code. This will make sure your student loan deductions stop.