Transfer of Loan Balances to Inland Revenue

Student Loan accounts contain all the borrower transactions for a particular period of study.

Inland Revenue will provide the student, notice of the transfer of borrowings within 6 months of it being received. This notification can be used by the student to lodge objections (if any) with the loan manager.

From 1 January 2012, borrower loan balances have been transferred to Inland Revenue daily.

Before 1 January 2012, borrower loan balances were transferred to Inland Revenue yearly.

All loan accounts which closed on or before 31 December 2011 were transferred to Inland Revenue on 28 February 2012. This was the final yearly transfer of loan accounts.