Student Loan Scheme Annual Report to 30 June 2009

Publication Details

The Annual Report for 2009 provides information on the scheme and those who borrowed from it in 2008, as well as the financial schedules for the fiscal year to 30 June 2009.

Key findings in the report are:

• The nominal value of loan balances was $10.259 billion as at 30 June 2009
• 179,000 students borrowed from the loan scheme in 2008 (69% of eligible students)
• As at 30 June 2009 562,000 people had a student loan with Inland Revenue for collection
• The median repayment time for those who left study in 2006 is forecast to be 7 years

Author(s): Ministry of Education

Date Published: November 2009