Student Loan Scheme Annual Report 2020 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 2019/20. It includes the audited financial schedules for the year ending 30 June 2020.

Author(s): Ministry of Education.

Date Published: February 2021

Summary

Click on the below icon to be taken to the corresponding report page.

1.37m people have taken out a student loan, read more on page 16 of the Student Loan Scheme Annual Report 2020. Students have borrowed a total of $28.8b, read more on page 16 of the Student Loan Scheme Annual Report 2020. Borrowers have repaid a total of $17b, read more on page 24 of the Student Loan Scheme Annual Report 2020. 660,000 people have fully repaid their student loan, read more on page 26 of the Student Loan Scheme Annual Report 2020. The number of loan borrowers has increased from 44,202 to 692,486, read more on page 23 of the Student Loan Scheme Annual Report 2020. Average amounts borrowed, per year, have increased from $3,628 to $9,867, read more on page 17 of the Student Loan Scheme Annual Report 2020. The average student loan balance was $23,307, read more on page 24 of the Student Loan Scheme Annual Report 2020. 149,229 students borrowed from the loan scheme, read more on page 16 of the Student Loan Scheme Annual Report 2020. 692,486 people had a student loan, read more on page 23 of the Student Loan Scheme Annual Report 2020. $1.48b was collected in loan repayments, read more on page 24 of the Student Loan Scheme Annual Report 2020. 48,560 students saved on average $6,100 through Fees Free, read more on page 16 of the Student Loan Scheme Annual Report 2020. 103,604 borrowers had overdue repayments 72% were overseas-based, read more on page 25 of the Student Loan Scheme Annual Report 2020.

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