Amortized Loan: Fixed payments paid periodically until loan maturity ; Deferred Payment Loan: Single lump sum paid at loan maturity ; Bond: Predetermined lump sum paid at loan maturity (the face or par value of a bond)
Use our student loan calculator to help you estimate your payments and interest. Create a repayment plan to ensure you repay your student loans on time.
What you can get ; You can get up to $316.39 a week for living costs but you don't have to borrow the full amount. When you apply for living costs you can choose to get the Consumer Price Index (CPI) adjustment on 1 April each year. If you choose this your living costs will be automatically increased to reflect any increases in the consumer price index. The living costs is a weekly payment. It won't cover any lump sum (for example a deposit) payments to your hostel or hall of residence. ...
Student loans help New Zealanders pay for their studies and living costs while they are studying. You can apply for a student loan through StudyLink. ; If you have a loan, you have to start repaying what you've borrowed if you live overseas or earn over $24,128. ; You will also need to pay an annual administration fee of $40 as well as any interest and penalties that are added to your loan.
What information you need ; Student loan balance — How much is left to pay on your loan (or the entire loan amount, if you haven’t started repayment) · Average interest rate — The interest rate on your loan. If you are crunching the numbers for a group of loans, you can use the average interest rate among the loans, so long as they are for more or less the same amount. Loan term — The number of years left on your repayment plan. You can add an extra 0.25 for every additional three months.
Loan amount · Loan term in years · Loan term in months
Balance left on loan ; Current interest rate · Remaining loan term ; New interest rate · New loan term
student loans? Learn how to pay them off fast » MORE: Explore our paying for college guide Student loan payoff calculator: Use this calculator to find your debt-free date. Student loan...
Estimate how much I need ; Estimate my monthly payment
Tired of your student loans? Our student loan payoff calculator helps you determine your payoff date as well as how to pay off your student loans faster.