Affordability of tertiary education to students

Table 1: Average domestic fee as a ratio of average weekly earnings for a full-time employed person

Source: Ministry of Education and Tertiary Education Commission.

YearUniversitiesPolytechnicsWānanga Overall
Average
2000 5.6 5.4 3.9 5.5
2001 5.6 5.0 1.8 5.2
2002 5.2 4.4 0.9 4.4
2003 5.0 3.4 0.5 3.7
2004 5.1 3.1 0.5 3.7
2005 5.1 3.1 0.6 3.8
2006 5.2 3.3 0.6 4.0
2007 5.2 3.5 0.6 4.1
2008 5.3 3.7 0.5 4.2
2009 5.3 3.7 0.6 4.2
2010 5.5 3.9 0.6 4.4
2011 5.6 4.1 0.6 4.5
2012 5.7 4.0 0.5 4.5
2013 5.8 3.9 0.5 4.6
2014 6.0 3.7 0.5 4.6
2015 6.1 3.7 0.5 4.7
2016 6.2 3.6 0.4 4.7
2017 6.2 3.7 0.4 4.7

Table 2: Median annual amount borrowed and median student loan leaving balance

Source: Student support change chapter ex Profile & Trends and forecasting team.

Year Median amount borrowed Median loan leaving balance
2000 $5,377 $8,360
2001 $5,487 $8,470
2002 $5,383 $8,700
2003 $5,403 $9,410
2004 $5,424 $9,490
2005 $5,485 $10,330
2006 $5,663 $10,210
2007 $5,868 $10,620
2008 $6,000 $11,170
2009 $6,101 $11,680
2010 $6,375 $12,310
2011 $6,709 $13,570
2012 $6,988 $14,670
2013 $7,441 $15,990
2014 $7,708 $17,000
2015 $7,971 $17,780
2016 $8,086$18,650
2017$8,267