Sorting your finances for study

Having enough money when you're studying can be a challenge - so it's best to try and sort out how you're going to fund your study before you start.

Student loans and allowances

Do you need to apply for a loan for course fees, a new laptop or other study materials or for living costs? Or an allowance for living costs?

If you're not sure what you can apply for or for help with an application, come in and see our friendly Student Advisors at either MIT Ōtara in the Dilworth Building NA Block, or MIT Manukau (Floor 2 reception) for help with applying for a Student Loan and Allowance or check out the StudyLink website.

How much you can get for a student allowance depends on your income, your living situation and your parent's income (if you're under 24 years).

See our useful FAQ's for StudyLink questions that our Student Advisors are often asked here.

Working full-time or part-time

If you’re working full-time or part-time and want to know if you are eligible for student loans and allowances check out StudyLink to check eligibility or for more information, visit the IRD website.

Work and Income

If you are currently receiving a Work and Income Benefit, check with your Case Manager whether you need to apply for a student allowance, student loan, accommodation benefit or living costs.

Investigate scholarships

There may be scholarships that you can apply for to assist you while you study. For more information on those available at MIT, check out our scholarship page.

Fees Free

If you are a first-time tertiary learner in 2025, you may be able to get Fees Free for your final year of study, up to $12,000 See more information by checking out the Fees Free website.

More information

If you want to get help with budgeting, our Student Advisors are happy to help or you can check out sorted.org.nz.