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Thread ID: 87011	2008-02-04 20:44:00	Student Loan interest rate?	Mercury (1316)	PC World Chat

Post ID	Timestamp	Content	User
637466	2008-02-05 09:55:00	Noooooooooooooo! The paperwork....	Mercury (1316)
637467	2008-02-06 19:13:00	They are interest free so long as you stay in the country. If you leave the country for more than 183 days at a stretch you pay interest. Once you come back you can apply for the interest to cease again. But if you take off again, even for a short break in Oz during the next 6 months you're paying it again. If you are studying overseas you can apply for an exemption - but it costs $175. Thus the maths to see if applying for an exemption is worth the cost and headache on the paper work. My head hurts already. That's very interesting! My fiance is still paying interest on his loan, and another friend too... Yes, we did go overseas last year, and I've just calculated that we spent 160 days travelling overseas (give or take a few days), that's under the 183 days limit. As for the other friend, he hasn't gone overseas at all...I think it's time they go and visit IRD or whoever, and check out why they're paying interest.	caffy (2665)
637468	2008-02-06 19:51:00	Time to get disinterested?	R2x1 (4628)
637469	2008-02-06 20:30:00	Time to get disinterested? To late for that!	Cicero (40)
637470	2008-02-06 21:29:00	Do you mean it is time to arouse the curiosity and restore the interest?	R2x1 (4628)
637471	2008-02-06 22:08:00	And for anyone interested, exchanging to a university in the northern hemisphere is a minefield with Study Link and the IRD. They are set up for our semesters not overseas ones (Britain has 3 terms not 4). . That's strange, because as far as I know all Uni's in NZ work in 3 trimesters. Not even schools work in 4 terms anymore. But they couldn't justify the bureaucracy if it wasn't confusing... your confusion is keeping hundreds of call centre workers fed.	Thebananamonkey (7741)
637472	2008-02-06 22:19:00	Unitec has 4 terms in 2 semesters. In the UK they have one term, break for Christmas, come back for exams then start the next semester once exams are finished. The students that are there for only one semester end up with extra assignments instead of exams so that they can continue with their studies in their home countries instead of coming back after a 4 week break for a week or two. Student loans are designed for NZ semesters. (July start not Sept; big break over Christmas rather than 4 weeks; paperwork needing signatures whilst they are overseas...)	Mercury (1316)
637473	2008-02-07 02:29:00	Advice to all students. Become independently wealthy BEFORE studying overseas. A letter today says that Study Link have closed her loan due to lack of documents. As they were posted to them - some from here, some from the UK - weeks ago my guess is they've lost them. And I did point out to them that even if they have lost the parental income forms it shouldn't matter as it is the second time this financial year they have asked for the information. I also pointed out that not having a time machine I haven't actually been back to 2006 to add to my income since they asked for it in July. And voice recognition software on telephones always puts me in a very bad mood particularly when they go into a long intro about how to use their web site first. (They cut me off on first call to add to the fury)	Mercury (1316)
637474	2008-02-07 10:19:00	Not even schools work in 4 terms anymore. Most schools work in 4 terms. Actually all public schools do actually.	beeswax34 (63)
637475	2008-03-15 09:22:00	Hello, I am 26 years old and I am a college student who would like to apply for a student grant but I have a question and I need the answer. If I have student grants (not loans) and I fail a class, do I have to pay them back? Is there some kind of rule to this? I can't imagine getting paid for like 2 years and just keep failing and getting to keep the money. Thanks for the help.	karlahaze (13365)
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