+1 732-500-2118
Nature has blessed New Zealand to touch sun rays and start the everyday first. This is one of the most vibrant places in the world where you will enjoy archaic forests, min-blowing landscapes and stunning coastline all at one place. In this way, every student, who wants to look beyond classroom walls while studying, may enjoy enduring experiences living and studying in NZ.
The education system in New Zealand is a three-tier model which includes primary schools, followed by secondary schools (high schools) and tertiary education at universities and/or polytechnics. The academic year in New Zealand varies between institutions, but generally runs from late January until mid-December for schools and polytechnics, and from late February until mid-November for universities.
The aim of the Funds Transfer Scheme is to help facilitate the processing of student visa applications from people who want to go to New Zealand to study for more than 12 months. In addition to the bank loan scheme announced in 2005, the Funds Transfer Scheme is another option for students to prove their financial ability.
Once the living cost of money is transferred to New Zealand this will be held in a savings account in the student’s name and will be locked in for a period of 12 months. During this period the student will not access to more than 1/12th of the amount plus the accrued interest every month. When the student reaches NZ he will need to present himself in person at the nearest ANZ branch post which a transaction account will be activated for the student and he will be given an ATM card to operate this account. The student therefore will have access to only the money in the transaction account but not in the savings account.
+1 732-500-2118
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