Student Loan Scheme Annual Report 2021 Publications
Publication Details
The purpose of this annual report is to inform Parliament and the New Zealand public about the performance of the Student Loan Scheme for the financial year 2020/21. It includes the audited financial schedules for the year ending 30 June 2021.
Author(s): Ministry of Education.
Date Published: May 2022
Summary
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Since 1992:
1.40m
people have taken out a student loan
PAGE 16
students have borrowed a total of
$30.2b
PAGE 16
borrowers have repaid a total of
$18b
PAGE 21
771,000
people have fully repaid their student loan
PAGE 23
the number of loan borrowers has increased from 44,202 to
679,947
PAGE 20
average amounts borrowed, per year, have increased from $3,628 to
$10,479
PAGE 14
In 2020/21:
148,905
students borrowed from the loan scheme
PAGE 14
679,947
people had a student loan
PAGE 20
$1.49b
was collected in loan repayments
PAGE 21
102,927 borrowers had overdue repayments
74%
were overseas-based
PAGE 22
the average student loan balance was
$23,915
PAGE 19
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