Student Loan Scheme Annual Report October 2008 Images

Student Loan Scheme Annual Report October 2008 Images

The Annual Report for 2008 provides information on the scheme and those who borrowed from it in 2007, as well as the financial schedules for the fiscal year to 30 June 2008.

Key findings in the report are:

• The nominal value of loan balances was $9.573 billion as at 30 June 2008
• 174,000 students borrowed from the loan scheme in 2007 (66% of eligible students)
• As at 30 June 2008 530,000 people had a student loan with Inland Revenue for collection
• The median repayment time for those who left study in 2005 is forecast to be 7 years.

Author(s): Ministry of Education

Date Published: October 2008