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Student Loans January - December 2019

For this report, a student is defined as a person who received at least one payment from StudyLink between the start of the calendar year and the end of the specified reporting month. The data in this report are cumulative calendar year-to-date figures. All percentages are rounded to one decimal point. Total percentages may not add up to exactly 100 percent because of rounding effects. The last three years of data and annual comparisons are presented in the following summary tables. Earlier figures are included in the downloadable spreadsheets.


Loan components

For the 2019 calendar year (January to December), there were 149,229 Student Loan borrowers, a decrease of 3.5 percent compared with the same time last year. The total amount borrowed for course fees, course related costs and living costs was $1,463,666,117, an increase of 1.4 percent compared with 2018.

Figure 1 presents the total number of borrowers, and total amount borrowed, under the Student Loan Scheme. Figure 2 shows the number of borrowers by loan component.

Fig 1 SL number and amount

The number of Student Loan borrowers by loan component (course fees, course related costs and living costs) all decreased compared to the same time last year. In 2019, 126,388 students borrowed to pay for course fees, a slight decrease of 0.4 percent compared with 2018.

Fig 2 SL number by component

Number of Student Loan borrowers, amount borrowed, and average amount borrowed, by loan component

Loan component January to December Annual Change
2017 2018 2019 2017-18 2018-19
Course fees 158,484 126,860 126,388 -20.0% -0.4%
Course related costs 110,861 102,147 95,575 -7.9% -6.4%
Living costs 94,161 90,267 86,907 -4.1% -3.7%
Total number of student borrowers 170,037 154,608 149,229 -9.1% -3.5%
Amount borrowed for course fees $1,039,317,480 $845,089,395 $866,133,763 -18.7% 2.5%
Amount borrowed for course related costs $108,884,300 $100,164,688 $93,799,443 -8.0% -6.4%
Amount borrowed for living costs $409,671,677 $497,611,692 $503,732,911 21.5% 1.2%
Total amount borrowed $1,557,873,457 $1,442,865,775 $1,463,666,117 -7.4% 1.4%
Average course fees $6,558 $6,662 $6,853 1.6% 2.9%
Average course related costs $982 $981 $981 -0.1% 0.0%
Average living costs $4,351 $5,513 $5,796 26.7% 5.1%

Note 1: “Total amount borrowed” includes borrowings for course fees, course related costs and living costs.

Note 2: Administration charges/establishment fees, repayments and refunds are not included in the above summary table but are available in the downloadable spreadsheet.

Note 3: Amounts are rounded to the nearest dollar.


Other Student Loan statistics

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